Hey Golden, look I think the dilution could be more.
I calculated (hopefully right) 1.2B \ 3.2B x 100 and it popped out 31% but I’m not sure I’m right.
Anyway, even if it is, what price do you then place on another proven 49M tonnes with coastal access , more prospects and also snookering Mitsubishi?
I think whilst there is share dilution, the potential gains are worth considering.
Plus, we are that under valued and our share price is laughable, BUY more.
I am willing to bet we consolidate too which will be very beneficial.
Y
Ann: Conditional intention to make a takeover bid for MLM, page-10
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Last
2.4¢ |
Change
0.001(4.35%) |
Mkt cap ! $120.1M | |||
| Open | High | Low | Value | Volume |
| 2.3¢ | 2.4¢ | 2.3¢ | $17.14K | 734.4K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 490143 | 2.4¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 2.6¢ | 1577767 | 2 |
View Market Depth
| Last trade - 16.10pm 26/09/2024 (20 minute delay) ? |
| DRX (ASX) Chart |