kroehny17 - I have to disagree with the view of the example given of a 12c EPS and a resulting future dividend of 6c per share being possible.
In general resource companies, if they even have dividends, are not so generous. I believe your are highly likely to be able to bet against the fact that MYG would ever offer 50% of its earnings back in dividends. If it did I would be surprised. We're more likely to see the usual re-investment of earnings into the company.
I'd really love to hope that this raising includes shareholders... at least abit. Having options attached would be one of the first for me in terms of CR and would be very interesting/instill the discipline needed for (at least me) to stay in this for the long run.
MYG Price at posting:
12.3¢ Sentiment: ST Sell Disclosure: Held
