access coal float

Last week I posted about how as a shareholder in MLM you could gain access to the August float for Intercoal that is not open to the public. This was possible by MLM distributing their allocated options from the float to shareholders. It works out at roughly one 4 year option for every 2 MLM shares.
What I did not mention was that not only will MLM shareholders be entitled to the options but if there is a shortfall with Intercoal then MLM shareholders will be able to grab a slice of the action.
Remember the options are a "sure thing" - pick them up at 1c and they should be worth at least 6 to 7c with the Intercoal share price at 20c. That plus the potential stag profit from the float - if there is a shortfall - means 17c for MLM has to be extremely good value. Once the float is over the value of the Intercoal stake at 20c will be equivalent to approximately 10c per MLM share.
Its worth mentioning MLM intend to do a similar exercise and hive off their alumina holdings and arrange another ASX float within the next 12 months. Plus they also have a JV with BHP with their nickel play.
MLM is very much under the radar. But for how long?