Hi vontrader
Hopefully .... they find good gold, prove Mt Adrah is what they think it is.
Then .... MTL's [Mt Adrah] SP rises significantly above the 20 cent IPO and drags in AceA to exercise their options which then funds the Co for the next round of drilling.
If Mt Adrah fails as a commercial enterprise SOC has not been unnecessarily diluted. Doing things this way does have the advantage that it does not adversely devalue the other main assets held by SOC. Also, the money raised this way is dedicated to MTL .... no guarantee that would be the case by raising within SOC.
Bottom line ... If Mt Adrah is a 'goldmine' it is worth many, many times its IPO. The SP should take off and away it goes. If, as some people are convinced, it is a dud then SOC is still worth about 20+ cents on any FA whichever way you want to cut it.
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Price($) | Vol. | No. |
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