Ann: March 2018 Quarterly Activities Report, page-59

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Albertnumajira

415 Posts.

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17/04/18

11:32

Post #: 32500453
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Originally posted by col69 ↑

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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Is there any time frame on the Min share price hitting 23 what 2 3 4 5years we hit 4 cents on our own on the back of positive news in December didnt we whos to say thats not possible given a changing of the guards or lack off

AGO Price at posting: 2.8¢ Sentiment: Hold Disclosure: Held
3 Upvote

0 Great analysis

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