re: ##new exercise price 20c pending for alkob## As far as I know, under stock exchange rules a co cannot vary the expiry date of opts & can only vary the exercise price if the fp shares have a bonus issue, then the opts are reduced pro rata
I think it is unlikely that the opts would be underwritten @ the present .35
ALK will probably issue new opts anyway
PS I like the ref to iron
Alkane Exploration Reviews Iron Potential At Nullagine
08/03/2005 11:25AM
Alkane Exploration announced it has identified the potential for tertiary channel iron deposits at Nullagine. The company advised that no grade details are available, however it believes the 26km of the Bonnie Creek system it holds could contain 150 to 220m tonnes of iron bearing pisolite. The company declared that discussions with parties interested in advancing the project have commenced.
re: ##new exercise price 20c pending for alkob## As far as I...
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