HiJust thinking out loud here. Interested to hear others...

Hi

Just thinking out loud here. Interested to hear others thoughts....

From the recent announcement re the SP Plan:

"Accordingly, the aggregate gross proceeds of the combined Australian Placement, Canadian Placement and Director Placements will be A$55.2 million (US$50.3 million) through the issue of 24 million shares at A$2.30 (or equivalent)."

So at the moment MBN is made up of 338,300,000 shares according to their recent roadshow (plus some options and notes)
338,300,000shares x current SP $2.67 = MC of $903,261,000

A Market Cap of $903,261,000 plus the newly raised money ($55,200,000) = MC of $958,461,000. If you divide that by the new number of shares post SP Plan (362,300,000shares) = $2.65

So I wonder if this premium (that is $2.65 vs $2.30) will remain closer to the date of the placement, i hope it does because it seems like easy money, unless i've missed something? And i very well could have! We do have opportunity to ascribe to $10,000 worth at $2.30 dont we?

Cheers
Skegs