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0.00% 7.7¢ bondi mining limited

re: Ann: Creating a Tier One Mineral Sands Co... I think you...

  1. oaftar
    6,120 Posts.
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    28/10/11
    14:50
    Post #: 9207906
    re: Ann: Creating a Tier One Mineral Sands Co... I think you have got this wrong.

    They are raising capital at 6.5c as well as giving current holders credit (cash or shares in a spin-out) for their current assets - I understand that this equates to around 3 to 3.5c worth of value. Therefore shares should be trading at about 10c at least... good arbitrage...
    BOM Price at posting: 7.0¢ Sentiment: ST Buy Disclosure: Held
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    lightbulb Created with Sketch.  Great analysis
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