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3.6¢ metallum limited

page 5, paragraph 2 is quite astonishing to read, really. Ore...

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chookiewookie

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24/04/15

12:53

Post #: 15149462
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Originally posted by ozgem ↑

Can't seem to get a nibble can we. I think after the last research report we hit 2.
I'm not entirely sure about this either.

"In a worst case scenario in terms of dilution if all outstanding convertibles were converted into shares at the current share price (AUD 0.008) an additional 67.6 mn shares would be issued. This would have the effect of reducing our target share price to AUD 0.060 and thus limiting the upside to 649%."

The last tranche was converted at 0.007 so we use the formula being applied then the remainder of the conv notes should go through at around 0.00675 or below even.

Nice numbers though aren't they. 6.8 cents and 6.0 cents. Now that would get the oppies over the line!
All IMO of course.

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page 5, paragraph 2 is quite astonishing to read, really. Ore pile the size of a 10-story building.
It's amazing they've got it out as fast as they have so far. With just a couple of guys and a wheelbarrow, essentially.....

MNE Price at posting: 0.7¢ Sentiment: Buy Disclosure: Held
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