MZI , like Iluka , is suffering from the soft outlook for mineral sands . Their charts are worth comparing . The business case is compelling but there is the litigation issue and some more off takes to come . Finance getting sorted is probably going to be the driver of gains . Market wants certainty . There maybe an issue with certain parties wanting the options out of the money . It would dilute the top holders , who don't have options . They would maybe prefer a CR earlier and not be diluted . Finance could be limited and a rights issue put in place ?
Maybe games being played for control here .
Seems a bargain right now but we all know what can happen when dilution is allowed , or forced , upon a company .
Maybe with finance news we can accurately price the company , right now , with so many shares on issue there are still questions ...... and , it seems , a large seller .
