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PLS, PILBARA MINERALS LIMITED
ShareNovis
post Posted: Sep 21 2007, 11:43 AM
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In reply to: _DC on Wednesday 19/09/07 04:58pm

The options are not looking good at the current price of $0.135. I would like to know a bit more about this stock. Might check if they have been making money before listing.

 
_DC
post Posted: Sep 19 2007, 04:58 PM
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Worth noting that the Options........MRBO are excercisable to 18th September 2010 at a price of 20c...............now that could be worth a punt

 
_DC
post Posted: Sep 19 2007, 04:53 PM
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Marginbet Ltd (MRB, MRBO) lists following the issue of 10 million shares with free attaching options on a 1 for 2 basis at 20c for 30.22m shares and 5 m options with a right to over subscriptions of a further 2.5 million shares with attaching options. The company was incorportaed on January 10 2005. Subsequently wholly owned subsidiary Portlandbet Pty Ltd applied for a sports bookmaking licence in the ACT, granted on August 18 2005. On August 2 2006 Portlandbet commenced trading as a fixed odds sports bookmaker in the ACT and extended its operations in October 2006 to include offering fixed odds betting on Australian and international horse racing events. Portlandbet has signed up clients from over 40 different countries around the globe and has achieved in excess of $6.5 million gross gambling turnover to the period ending May 31 2007. Non executive chairman John Levy in the covering letter to the prospectus said while the company's core business is gambling, it will do all it can to ensure that luck plays a minimal part in its success or failure. It is the board's aim to put in place strategies that result in the company being professionally and responsibly managed to develop a successful and sustainable business. Marginbet, in a breakdown of global interactive wagering and gaming revenue, said Australians spend more per capita on wagering and gaming than do residents of any other country. Revenue of almost $US12 billion in 2005 is expected to rise by more than 16 pct by 2012 to almost $US14 billion in Australia and New Zealand. Although this rate is lower than the overall global growth rate, it should be reviewed in the context of the more mature Australian market. Directors: John Levy, non exec chair. A commercial lawyer in Adelaide for more than 18 years is currently a partner in the Corporate and Commercial Division of O'Loughlins Lawyers. Robert McKenzie, non exec, has been involved in marketing for 20 years and is currently managing director of Carat Australia Media Services Pty Ltd. David Simon Gray, non exec. Is the founder and managing director of Transparence Group Pty Ltd. He was previously with Macquarie Bank, Commonwealth Bank of Australia and Bell Potter Securities Ltd. Stephen Downer Hobbs, CEO. Mr Hobbs, a commercial lawyer in 1998 commenced employment with Centrebet Pty Ltd, leaving Centrebet in 2002 before it was sold in September 2003 for $46.55 million. He has extensive experience of the fixed odds sports betting industry. Pierre Andrew Van Der Merwe, company secretary. Pierre is a Chartered Accountant with 19 years experience.

 
ShareScene.com
post Posted: Jul 17 2007, 11:00 AM
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Created by request:
MARGINBET LIMITED (MRB)

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ShareScene.com

 
 


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