There is a resolution that they can raise up to 10% of capital without getting approval. That’s why they raised when they did I suspect, before the AGM, that option would have expired after this AGM, now they can do the same in the next 12 months. Unless everyone votes No, but I doubt that will happen.
PS. I am not saying they will, but if they do don’t be slow if you want a quick flip like what Is happening now.
MYL Price at posting:
7.9¢ Sentiment: Buy Disclosure: Held