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1.89% 5.4¢ minbos resources limited

Ann: Minbos Investor Presentation - Angola Rising, page-427

  1. Red Baron
    4,040 Posts.
    lightbulb Created with Sketch. 6767
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    11/04/24
    16:22
    Post #: 73299997
    Whilst I hear what you're saying, in reality it doesn't work that way.

    For example
    NHE has been trading in the 9.5c to 11c range last 10 trading days.
    Today they offered a SPP whereby shareholders could buy at 9c and get 1 (20c) option for each 3 shares they buy.
    (note the exercise premium to current and the 1:3)
    Today it closed at 8.8c down 0.9c and below the offer price.
    Who is going to participate in the SPP when you can buy on market cheaper?
    The company will be lucky to raise anything
    btw I don't hold - just an example.
    MNB Price at posting: 9.2¢ Sentiment: Buy Disclosure: Held
    Likes Created with Sketch. 2  Upvote
    lightbulb Created with Sketch.  Great analysis
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