MFE magnetite mines limited
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G'day,On my understanding a renouncable rights issue is able to...

  1. Newry2
    2,927 Posts.
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    06/09/07
    13:22
    Post #: 2784189
    G'day,

    On my understanding a renouncable rights issue is able to be traded?

    Does anyone have any clear knowledge on how this would work? Would all holders on Sept 21 be allocated rights which then have a later exercise date which can then be traded on the exchange and on exercise date the 31 cents is paid. Anyone who doesn't pay the 31 cents then has there right go the underwriter?

    Maybe I have got it wrong?


    Anyone?
    MFE Price at posting: 0.0¢ Sentiment: Buy Disclosure: Held
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    lightbulb Created with Sketch.  Great analysis
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