AGO 0.00% 4.5¢ atlas iron limited

Ann: March 2018 Quarterly Activities Report, page-55

  1. 15,648 Posts.
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    I agree with @rcman ... IMO MIN share price is likely to fall further, and if this occurs as depicted below, we as shareholders will be worse off. There is also the dilution to consider once the transition occurred, along with possible dilution re: BOSS funding and of course reduced dividends spread between more SOI - just to name a few... ... to be fair I have also shown calculations should the MIN share price rise

    GLTAH

    If MIN share price continues to fall it means the 'actual' scheme of arrangement price will reflect the following:

    @ $17.24 = 3.02 cps (Original price upon which scheme was calculated)
    @$17.00 = 2.98 cps
    @$16.00 = 2.80 cps
    @$15.00 = 2.62 cps
    @$14.00 = 2.45 cps
    @$13.00 = 2.27 cps
    @$12.00 = 2.10 cps

    If MIN share price was to appreciated from here the 'actual' scheme of arrangement price will be reflected as the following:

    @ $17.24 = 3.02 cps (Original price upon which scheme was calculated)
    @$18.00 = 3.15 cps
    @$19.00 = 3.32 cps
    @$20.00 = 3.50 cps
    @$21.00 = 3.67 cps
    @$22.00 = 3.85 cps
    @$23.00 = 4.02 cps
 
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