MAT 0.00% 2.6¢ matsa resources limited

Ann: Trading Halt , page-6

  1. 11,511 Posts.
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    This is the first time MAT has raised funds in 18 months.I think it is prudent action on management's part.If it is done for a small discount in the low 30's then I reckon it will be a sign of confidence that has emerged from the roadshow.If they raised 10% that would give them an extra $3M+ to plough into drilling at Symonds Hill.For most of the broking community I think MAT has been a hard one to get a position in as there hasn't been large amounts available on market for some time.
 
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