The new acquisition (if it ever happens) would want to be a cracker for a 0.2c capital raising to be a success. And we know its impossible to raise at 0.1c
So as you say we either keep accessing funds through CFE, which means they creep up to 20% and are then forced to make takeover offer.
Or the need to consolidate/restructure as AUZ did. Cant raise at 0.1c but do a 1:20 restructure of capital. Sp becomes 2c, then raise at 1.8c
But the likely outcome would be further erosion of our capital. I just dont know if any of our assets have enough "bang" to overcome the down trend and market sentiment towards management and past wrongs.
We just need a solid 30% WI in a highly prospective oil play with near term upside and no exposure to political or climate risks. Outlay $2-3mil. Then build off that.
Its a long road back from here, but doable. They just need to start small and work smart.
- Forums
- ASX - By Stock
- MHL
- big dump
big dump, page-8
-
-
- There are more pages in this discussion • 1 more message in this thread...
You’re viewing a single post only. To view the entire thread just sign in or Join Now (FREE)
Featured News
Add MHL (ASX) to my watchlist
Currently unlisted public company.
The Watchlist
CCO
THE CALMER CO INTERNATIONAL LIMITED
Anthony Noble, MD & CEO
Anthony Noble
MD & CEO
Previous Video
Next Video
SPONSORED BY The Market Online