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0.00% 1.3¢ middle island resources limited

News: MDI Middle Island Resources Seeks To Raise A Minimum Of A$1 Million And Up To A$1.1 Million, page-2

  1. Rockjumper
    394 Posts.
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    31/10/23
    13:56
    Post #: 70641416
    Market loved that... not!! When you raise at such a deep discount to market you are telling investors what you think the company is worth.

    And guess what? The market is now punching the sp toward that very price - possibly lower? You'd have to be very brave to buy into this one.

    Just remember - coming into wet season at Tennant Creek, so won't be a lot of news for the next 6 months.

    Buyer beware - DYOR.
    MDI Price at posting: 1.8¢ Sentiment: Sell Disclosure: Not Held
    Likes Created with Sketch. 2  Upvote
    lightbulb Created with Sketch.  Great analysis
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