Imminent Cap Raising aren't announced in quarterly activities report. They are announced when you least expect when the stock goes into a trading halt. Yep, the moment before you click on the link, your hope turns to a corporate takeover announcement only to be dashed by the first paragraph in the ASX announcement about a C.R.
I admit it won't hit 10 cents in the short term. A pump & dump may be in progress though (be careful of a violent pull back in the sp in coming days).
The market again will be watching with bated breathe in another 3 months.
The fundamentals haven't changed. Still a mountain of debt, cost barely breaking even. Can't see why the sp should rise at all.
The report talks about the challenging past quarter as if it is out of the woods. The challenges for MBN are perpetual.
MBN Price at posting:
49.2¢ Sentiment: None Disclosure: Not Held
