Forum Archive Index - September 2001

["G Stolwyk" <stolwyk@wave.co.nz>]

From Stockness, 10.30 am.: The original issue of $ 1.5 Bill. shares has been enlarged to $ 1.7 Bill. due to overwhelming demand by institutions.

 

The issue to retail investors will be at the same price ( $ A 2.85 ) on the basis of 1:1.7 ( Eg. if you have 1700 share now, you will be entitled to another 1000 shares on payment of $ A 2850-.

 

Apparently, the cash has to be forwarded before Oct. 5. 2001.

At this stage, there are no further details. Please check the details of this offer. 

 

From Egoli: There is speculation that this deal by MIG could add 50 cents to the share price. It is likely that it will be added to the 20 index and this in itself will bring out some buying from those who are indexed and may want more.

 

I don't know  if MIG is already in the MSCI INDEX  ( This is a powerfull global index ), and if not, will it be eligible to join.

 

Latest: Initially up 18 cents to $ 3.38, now $ 3.32.

 

Gerry