In the same boat stephen but I believe you can do one of three things
1. Sell the rights anytime up until 5 Nov, currently trading around 18c, they will be sitting in you portfolio, this is money for jam in your pocket!
2. Convert the rights to shares after the 5 Nov, details will be mailed to you @ 10c each (plus you get the two extra options grabs). You just send a cheque or B pay
3. Do nothing and lose the cash you could have made by selling the rights.
This is my understanding, If I am wrong on these options please let me know as Im a novice as well!
It seems a good deal but I am a little unsure about the dilution of shares and the quality of the ore in SA.
MFE Price at posting:
23.5¢ Sentiment: Buy Disclosure: Held
