MFE
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0.00% 1.0¢ magnetite mines limited

cheap issue

  1. buffett
    3,298 Posts.
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    08/10/09
    09:59
    Post #: 5747892
    It is worth reading about the very generous new issue from ROY being a 1 for 1 share issue at 10 cents with a 1 for 3 "piggy -back" option attached. This "piggy-back" option effectively allows the holder to exercise twice, once at 10 cents & once at 12 cents.
    As a holder very pleased to participate in this funding by ROY. Also recent ASX presentation on IO project well worth reading.
    Regards
    Buffett
    MFE Price at posting: 14.5¢ Sentiment: None Disclosure: Held
    Likes Created with Sketch. 2  Upvote
    lightbulb Created with Sketch.  Great analysis
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