Indeed. Almost .9 of 1c .. How good is that? I see that as the...

Indeed. Almost .9 of 1c .. How good is that?
I see that as the implied ex div cost p/share on MNS as well as the purchase cost p/share in the new unlisted entity UAL..

The pro-rats allocation of .5766 implies 346m mns shares are on issue (200/.5766). So assuming some mns holders are keen and want to exercise some of their options.... to get to 0.5 UAL for every 1.0 MNS, another 54m options need exercising, which'll bring $5.4 m more funds into mns's bank acc. Exercise price = 10c

As for the future listing on a stock exchange, I'll assume that this unlisted UAL entity will be strategically wrapped up and packaged for market, like perhaps with a strategic U3O8 partner, new tenements, perhaps license to mine, (just me guessing) all aimed to create investor demand for a new IPO listing..

Your cost --- say 0.9 of 1c ..
Future listing say. --- 20c..


The future is always hard to predict but I'm feeling optimistic and have a vibe that this might be something not to miss out on..

We'll all know more at the EGM.. Enjoy..