Last week, I have expressed my objections about the share offer to the company – I did not like the sound of brokers and their friends being offered cheap shares. I was surprised no one else mentioned it until now.
I have been assured by the highest ranking representative of MHM that the shares will not be sold to ordinary investors. The wording of the announcement is somewhat misleading but it means the company is asking the shareholders to approve the share issue without disclosing the details how the shares will be used.
Use your imagination, consider the ongoing confidential negotiations regarding the silica and aluminium project, perhaps the shares will be used for JV or investment made by the companies involved in the projects.
attending agm this wed - any questions?, page-4
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Mkt cap ! $200.4M | |||
| Open | High | Low | Value | Volume |
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