SPH 0.00% $3.10 sphere minerals limited

Skyrocketed!?!?? Do you really mean SPH? They were at $3 a...

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    Skyrocketed!?!?? Do you really mean SPH? They were at $3 a seemingly long time ago when Iron ore had prospects, and then had a big issue at peanuts that effectively converted the parent company debt to equity. Now Iron Ore (especially Magnetite at 30-40% Fe has no imminent prospects) and with minority shareholding less than 10%, there is little upside here. They could go private anytime and they are not obliged to make a t/o to mop up. . Occasional hopeful seller at $3 , but now really worth 2 to 30c. No on market transactions sales for 6 months.......
 
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Currently unlisted public company.

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