mxx cash

asx notice and 3B this morning shows $11m additional cash into company which is great news, 9.6m mxxo exercised at $1.15 each including cuo and mxx director Keith Liddell's exercising his options which is a positive confidence boost for both cuo and mxx. anytime a direcotr takes an increased investment in a company this is a good signal to shareholders.
Importantly about 800,000 options were not exercised which reduces the fully diluted number of expected shares in the market, thereby increasing value of all other MXX shares and subsequently CUO % value as well. All good news.

An extract from today's announcement...... cheers fatstocks.

ASX / RNS ANNOUNCEMENT
7 February 2008
Completion of exercise of MMXO Class A options (including Appendices 3B and 3Y)
Mineral Securities Limited (“Minsec” or the “Company”) is pleased to announce that holders of approximately 92.5% of the 10,438,517 Class A options outstanding at 14 December 2007 and which expired on 31 January 2008, have exercised those options resulting in the Company receiving A$11.1 million of which, as already announced, A$2.84 million was spent acquiring 316,904 Platmin Limited shares from Keith Liddell, leaving A$8.26 million available for general corporate purposes.
Included in those exercising were Keith Liddell (2,520,570 options) and Hon. John Colinton Moore (261,735 options) for whom Appendices 3Y are attached.