MFE 0.00% 1.0¢ magnetite mines limited

please explain, page-4

  1. 204 Posts.
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    I think what it means is if they issue 1 option at .05 cents exercisable at 12cents in 2013 it means all the piggy back options issued then become tradeable. Only my interpretation of the announcent and may be completly wrong.
 
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Currently unlisted public company.

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