E25
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2.44% 21.0¢ element 25 limited

Hi guys, remember that dolphin resources pty ltd who got rid of...

  1. aswon4
    83 Posts.
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    18/05/08
    19:34
    Post #: 3730813
    Hi guys, remember that dolphin resources pty ltd who got rid of their 10% share on Mt padbury for 400,000 shares + 100,000 options? Now with the magnanese deal, MZM got $5M worth in asset. In other words,

    10% of 5M = $500,000 = 400,000 MZM share + 100,000 options

    Does that means that dolphin is getting ripped off by accepting the deal and losing that $500,000 or was it a good deal by dumping their 10% interest and get the shares worth around say $75,000 ($0.15 X ) currently? Trash or treasure? You guys decide.
    MZM Price at posting: 0.0¢ Sentiment: None Disclosure: Not Held
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