I think will go up lohhhhhhhh
But let's see what you are buying:
Issue Price: 18 cents
Conversion: 67 cents
Mother today closing: 0.885
0.67+0.18 = 0.85 ( in the money)
So anything below 30cents, I think can sapu.
Written by Joseph Chin
Monday, 01 November 2010 16:05
KUALA LUMPUR: Malaysia Steel Works (KL) Bhd’s 105.37 million warrants will be listed on Bursa Malaysia on Tuesday, Nov 2 under the “Industrial Products” sector.
A Bursa Malaysia circular issued on Monday, Nov 1 said the stock short name is Masteel-WA while its stock number is 5098WA and the ISIN code is MYL5098WAPA6.
The five-year warrants (Warrants 2010/2015) were issued on the basis of one warrant for every two shares held at an issue price of 18 sen per warrant.