Market loved that... not!! When you raise at such a deep discount to market you are telling investors what you think the company is worth.
And guess what? The market is now punching the sp toward that very price - possibly lower? You'd have to be very brave to buy into this one.
Just remember - coming into wet season at Tennant Creek, so won't be a lot of news for the next 6 months.
Buyer beware - DYOR.
News: MDI Middle Island Resources Seeks To Raise A Minimum Of A$1 Million And Up To A$1.1 Million, page-2
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Last
1.3¢ |
Change
-0.001(7.14%) |
Mkt cap ! $2.839M | |||
| Open | High | Low | Value | Volume |
| 1.3¢ | 1.3¢ | 1.3¢ | $500 | 38.46K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 11 | 1876916 | 1.1¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 1.3¢ | 1160472 | 2 |
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| Last trade - 10.07am 27/08/2024 (20 minute delay) ? |
| MDI (ASX) Chart |