MRV 0.00% 0.3¢ moreton resources ltd

Potential for Moreton Resources Silver Project, page-5

  1. 2,755 Posts.
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    I don't necessarily think a decision against them will be the end of MRV, but best case scenario we'd probably see existing shareholders diluted (possibly substantially if full $8m is still deemed owing).

    I could easily see the share price halving with a decision against them or doubling if in their favour in very short order. If it did drop to .002 (circa $4m market cap) and MRV managed to raise $8m for the tax bill, then existing shareholders could end up only owning 1/3 of previously held company %.

    It's promising to see MRV is planning for BAU and pivoting toward their silver project, with directors who are prepared to tip in $ at the current share price.
 
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