Marlin Gold Mining MALZF

Rights listed and trading yesterday

[k22k22]

MLN.RT listed and priced at 0.02.
Slight discount of 1.68 pennies at the moment so 4.5% immediate return if purchasing rights and exercising at .30.  See where the SP goes but as far as not exercising rights and picking up shares on the market I don't think it can be done, there just isn't the volume.  Anyone looking to get a position might be better off purchsing the rights and taking that road, but again, I'll be exercising mine and say most with positions will do the same.

[tigris72poo]

How do you get 4.5% discount? with MLN at Can 37c, each right is worth 2.62 cents ((.37-.30)*.3752) at 2 cents that is a 24% discount, no?

[k22k22]

Different perspective.  I was indicating the outcome if you were looking to purchase rights on the market then exercise,  0.30 + (.02 x 2.66) = .3532 to obtain a share, a discount of 4.5% from .37 for someone looking to get into this.  But I don't see any rights moving either so Bazinga there. Of course for existing shareholders then yes it does represent a 24% discount to