Just compared with others: MNW - from 2.2c to 27c in two months, market cap $90m SMA - from 0.7c to 3.1c in one month, market cap $49m MBE - from 2c to 16c in three months, market cap $49m
MNZ market cap $3m.
As proposed deal is a reverse takeover, probably no cash consideration is required, that is why MNZ only raised a small amount of cash. If they can get a cheap deal, MNZ could rocket very high as only 233m shares are issued. Compared with peers, $50m market cap would be achievable.
The 25m shares can be soaked up within one trading day if they get a good deal.
MNZ Price at posting:
$2.80 Sentiment: Buy Disclosure: Not Held