Wednesday, September 15, 2010

Midas

Midas: HK dual listing update. One step closer towards completion, as it has issued the web proof information pack (WPIP), essentially a preliminary prospectus. But reduces size of dual-listing to 220m new shares (300m previously), with up to 33m (40m previously) additional shares as over-allotment option, which would result in maximum total dilution of up to 26%.
Street still positive on counter, with targets ranging btwn $1.14 - 1.29.

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