I can see a little more donside to this.
If they are offering current shareholders more shares at 27c, of course share price has to look attractive.
Could retrace to low to mid 20's over next few weeks.
I sense its 2 steps backwards for 1 step forward, i see this dropping back on low - medium volume, before it picks up again.
I'm a lover not a trader.
DYOR
MRS
monarch resources limited
at what price still a bargain?, page-4
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