IPO at 50c for $30 million was filled and word from management was: "We could have done double that! Sorry there won't be any shortfall shares." This IMCO should boat well for when MI6 starts officially trading on the ASX about 15.October.
The $30 million was planned to be good for for about 2 years exploration. I guess that will depend on what we find for starters and if we need to increase the number of drill rigs working. However who wouldn't be prepared to invest further in any CR once the first results are in and we know it's worth it!
Anyway here is my first chart showing the road map with IPO at $0.50 and initial funding risk well covered ...
GLTAH
MI6 charting, page-3
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Last
17.5¢ |
Change
0.010(6.06%) |
Mkt cap ! $40.95M | |||
| Open | High | Low | Value | Volume |
| 16.5¢ | 17.5¢ | 16.5¢ | $40.37K | 234.5K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 5880 | 17.0¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 18.5¢ | 6000 | 1 |
View Market Depth
| Last trade - 13.20pm 30/05/2024 (20 minute delay) ? |
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Last
17.0¢ |
Change
0.010 ( 6.25 %) |
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| Open | High | Low | Volume | ||
| 17.0¢ | 17.5¢ | 17.0¢ | 54723 | ||
| Last updated 14.07pm 30/05/2024 ? | |||||
| MI6 (ASX) Chart |