|Mineral & Fin
||ORD 1P (DI)
||EPS - Basic
||Market Cap (m)
|Mineral & Fin Daily Update: Mineral & Fin is listed in the Mining sector of the London Stock Exchange with ticker MAFL. The last closing price for Mineral & Fin was 5.63p.|
Mineral & Fin has a 4 week average price of 5.66p and a 12 week average price of 5.59p.
The 1 year high share price is 6.50p while the 1 year low share price is currently 3.88p.
There are currently 24,034,562 shares in issue and the average daily traded volume is 4,887 shares. The market capitalisation of Mineral & Fin is £1,351,944.11.
|bones30: One gets the impression the owners are wealthy people indeed. Asset may be great but worthless if no access to funding to unlock value.
Thus, they picked it up for pennies on the pound.
Quite surprised we haven't heard about this convertible yet. I might phone Monday, see if I can find anything out. The conversion price incidentally, if you look at the 2011 news release when they were issued, I think is related to NAV, rather than prevailing share price (unless I've misunderstood, NAI, etc).
Explains the 8p conversion price recently, when the share price was lower.|
|bones30: Ryan, any idea how these convertibles work? I'm a bit stuck trying to find the price of conversion.
I see the last £25,000 got converted at 8p when the share price was around 7p, and the most recent reported NAV was 10.06 pence.|
Mineral & Fin share price data is direct from the London Stock Exchange