Yeah.... nah. No cap raise needed, but just brings on the T/O.
It makes no sense to raise and dilute NMDC's share with a cap raise, before a takeover. Their 78% will be 71% overnight, OR, if they (NMDC) subscribe to it, then they'll need approval to purchase that given the nature of the transaction and their current holding. All spells a big headache for them, and an outlay of cash for no reason.
Their current project and financing stage simply brings on the impetus for a T/O before Xmas. Minimum timeline for T/O and all T/O Panel objections and FIRB approval is 45 days, and so just keep hitting refresh on the old announcements tab.
If you were a holder and you absolutely thought they were gonna raise, not offer takeover, and drive the S/P into the ground (and f*ck their 78%) then - quite simply - you would have sold.
But, you haven't. So, happy for anyone to sell in this environment. I am so open...
Don't mess this up folks - the coming days are the days you have been hoping for... Charts and timelines to follow...
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- WIN/WIN 2.5c whether NMDC or Mt Celia (~$287M EV) - Bidder Statement
WIN/WIN 2.5c whether NMDC or Mt Celia (~$287M EV) - Bidder Statement, page-23
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Mkt cap ! $123.4M |
Open | High | Low | Value | Volume |
1.6¢ | 1.6¢ | 1.5¢ | $818 | 53.84K |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
3 | 81478 | 1.5¢ |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
1.6¢ | 125012 | 3 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
3 | 81478 | 0.015 |
8 | 802871 | 0.014 |
6 | 243468 | 0.013 |
1 | 80000 | 0.012 |
2 | 545001 | 0.011 |
Price($) | Vol. | No. |
---|---|---|
0.016 | 125012 | 3 |
0.017 | 413032 | 2 |
0.018 | 4767015 | 12 |
0.019 | 607134 | 2 |
0.020 | 1741811 | 4 |
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