Geez - more debt (in the form of a royalty). High effective interest but not the worst deal I’ve ever seen and at least there’s an end date at Metros election.
Cashflow must have been tighter than expected in Dec quarter and with debt repayments starting mid 2024 derailing appears to have been on the cards.
Disappointing but doesn’t change the thesis that 2024 is the year for MMI to either make cash and repay debt or fail.
Ann: Funding Secured to Strengthen Balance Sheet, page-2
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Last
4.7¢ |
Change
0.001(2.17%) |
Mkt cap ! $279.1M | |||
| Open | High | Low | Value | Volume |
| 4.7¢ | 4.8¢ | 4.6¢ | $522.7K | 11.18M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 5 | 3640922 | 4.6¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 4.8¢ | 2972414 | 9 |
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| Last trade - 16.10pm 28/06/2024 (20 minute delay) ? |
| MMI (ASX) Chart |