rights offer... the numbers No of shares prior to the offer:...

rights offer... the numbers No of shares prior to the offer: 165,104,028
Possible number of shares on offer: 28,675,000 @ .27($7,742,250)
Total: 165,104,028
Dilution of earnings: 14%
Money to be used to pay acquisition cost, start an exploration program and provide cashflow to run the business.
Takeover of Siberia: two SIB for one MRS
If you bought SIB for 15 cents (one MRS share worth 30c) your stake in company is now worth .26 (-15%)
Gold price down $10
Amazing how it is all gets factored into the price. Could go a bit lower maybe to .27
Remember earnings will be diluted down 14% and the rights offer price is priced at 15% to the market average over the last five days (.315)
But don't forget the X factor.... the great Michael Kiernan!!!