LCL 0.00% 0.9¢ lcl resources limited

Ann: Metminco to merge with Andes Resources, page-22

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  1. 9,898 Posts.
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    Considering most holders are so far underwater it’ll be a hard sell to get the take up I feel. Would need to be on the same terms they are offering insto’s ie. 0.003 with a 1 for 1 option attached (note the much lower strike) The amount of new shares and unlisted options being printed prior to consolidation makes it very tough on the existing options (at 33c that’s a MC of roughly 70mill, not impossible but gonna take a small miracle) but that’s always the risk, I’ll take a fair whack on those but I did recently double down on heads.
 
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