back door entry to coal float

Intercoal are releasing their prospectus today for exisiting shareholders. The public miss out. The float will be set for August.
In addition to existing shareholders, MLM will be allocated 30M 20c shares plus 1 for 1 attaching options for their coal assets. MLM will retain the FPOs but is planning to distribute the oppies on a pro rata basis to MLM shareholders for the princely sum of 1c! The oppies are 4 years with a strike at 20c - so you know you are looking at a GUARANTEED profit since the oppies should be worth 6 or 7c with the FPO at 20c.
Distribution should be roughly 1 Intercoal option for every two MLM shares. MLM last traded at 17c.
The coal float willl be equal to about 10c per MLM share. This means you pick up MLMs alumina and nickel/cobalt plays for next to nothing, especially after cashing in on the options.