NME had plenty of time to raise capital, the TO took place after the effect. The SP sat around 6c at one point... opportunity gone begging!
Certainly a lot of holders not pleased with the situation, it takes 2 to tango. No doubt many MCT holders are fuming!
Yep no doubt MCT have spent some on the TO, It is what it is. It's going to keep going too.
Makes you wonder why they would do it doesn't it?
Maybe they learned a few truths about the future of the JV, who knows?
Ann: MCT:Court Action Seeking 22.28% of NME Vested in ASIC & Sold, page-11
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