you're on the ball scnapper, stick around we like smart people here
"for every four (4) shares subscribed for under the Rights Issue, subscribers will be entitled to be issued one (1) option exercisable at 15 cents on or before 31 December 2019"
Not too happy it's Patto's involved & still a bit perplexed how they got the ~0.10c ??
usually there's a spiel about VWAP's & past # days trading - not here though, just a straight out that's what it is, like it or lump it.
as a LT holder this does seem like quite a deal though, imo.
Company gets 100% ownership of Lindi >
+ opportunity in Jan 2018 to start on the new Li project
SH get Heavily discounted renounceable rights issue with bonus options..
yee haa, making me feel like a "SI"!!
thanks Management.
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