MLM 22.7% 2.7¢ metallica minerals limited

Re :MLM, page-65

  1. 554 Posts.
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    Well not a lot of talk on the entitlement offer would have expected more info to be getting pushed around the good and bad of the offer.

    I believe that the options will be listed if they meet the listing requirements and that is a plus as have been wondering if to take up the offer or not as my holding here is only a small holding from recent dividends from a few other companys. So my rights issue was just over 10K shares. I see the value in the offer over buying at 5.2 on market as the options are a plus and if we start mining shortly that should be easily acquired and then we have 2 other areas that we are still looking at.

    I believe that an annoucement is ude most likely in next 2-3 weeks re sales agreements for mining to commence or i hope so.

    My issue was clause 10.2 of the prospectus as I was under the exerciseable minimum number of options with the 1 for 2 and was thinking that they are worthless in that case if not tradeable easily.

    How many other smaller holders had/have the same issue. If they are going to be tradable I can acquire the shortfall at a later stage.
 
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