MSC 0.00% 6.4¢ minerals corporation limited

gm approves debenture notes

  1. 549 Posts.
    Yesterday's meeting approved the share and convertable note buyback.
    Conditions:
    five shares of MSC can be converted to a $1 note asttracting 10.5% interest. The notes will be listed on the ASX.

    IMHO, if you think this coy can succeed with its Skardon Kaolin plant, then this is a great investing proposition.

    Current price = .13 X 5 = .65 which can be exchanged for a $1 note redeemable in four years and attarcting 10.5%, Or they can be traded. Back by Skardon River assests.
 
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