You can own as many shares as you like without having to take over a comp if you don't want to. Just apply to the ASX and everything is fine.
As soon as the final conversion statement comes out we will know what's going on.
IF IMC got options and converted them then in the case of an t/o by them they will get their money back as part of the t/o.
They could declare to take up any unconverted options ( like PALA did with PENOA's ), they could ann an t/o offer as soon as the new number of all issued shares is finalised or they could even sell their entire stake to a third party. In the end it only matters how profitable MOY can become and the rest will take care of itself.
My call : 4c by the end of January as this is a cash cow which is too milky to let unmilked.
MOY Price at posting:
66.0¢ Sentiment: LT Buy Disclosure: Not Held
