MRQ

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JabraD

15,516 Posts.

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11/11/21

15:05

Post #: 57498670
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Originally posted by setfire2thehive: ↑

My comment regarding capital can be found here Post #:57297755

I recall concerns of a raise when i first entered too, but that could have been a 30-40% profit in itself prior.

So yep agree, a raise is on the card and i have suggest it would be around this time or more likely Q1. I suggested that around 3 months ago. Just depends when in the news stream they decide is best

This is my initial DD when i entered. Post #:55143050 discussing risks.

"Other risk would just be the cash position. When i spoke with Andrew was informed they're funded until around q1 maybe a bit further. The intent was that this study we're about to drop should exceed markets expectations. Now if it drops anything like 500M aud and i think it could be 600-700M aud then the strategy is to hopefully raise funds 3-6months from now at a higher price. I'm investing now because i reckon the market has completely missed this one. I've read these forums for a long time and even the people i've seen commenting on twitter etc haven't really put together anything substantial in terms of quantifying the economics. So as mentioned i've been buying here for a few weeks and i intend to stick around and hopefully if there's a raise in 3-6months i'll be able to participate and grab some more."

Note since that time i have amended my NPV figures as was previously basing them of data suggesting ilmenite pricing in the $350 AUD range and so subsequently upon further data amended down to lower levels.

So agree CR soon, question will be what price and will the S/P hit it. 2 of my other shares raised and never touched the price. Although i acknowledge that in 90% of cases the S/P does touch the CR price due to dilution.

SF2TH

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dilution. Think of it like this, once raise done at current levels instead of 18 mill MC we could be at 22/23 mill MC.
As I said before we are a bit pricey atm with the amount of cash on hand. Just my opinion but I’d rather wait still as a bit of time still required for this company.

MRQ Price at posting: 1.1¢ Sentiment: None Disclosure: Not Held
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Last 0.4¢		Change 0.000(0.00%)		Mkt cap ! $10.1M

Open	High	Low	Value	Volume
0.4¢	0.4¢	0.3¢	$16.85K	4.672M

Buyers (Bids)

No.	Vol.	Price($)
31	60221599	0.3¢

Sellers (Offers)

Price($)	Vol.	No.
0.4¢	11370528	13

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No.	Vol.	Price($)
29	59117321	0.003
36	51602469	0.002
51	119599278	0.001
0	0	0.000
0	0	0.000

Price($)	Vol.	No.
0.004	8270528	9
0.005	28400794	21
0.006	22029592	18
0.007	8011502	10
0.008	18480740	6

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MRQ - chart thread !, page-1684

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