Further dilution required to devlop other technologies to work with Exergen's perhaps?
At the meeting today I was one of only 2 shareholders(probably because it was held in Perth).IK mentioned that he was inherently opposed to any unnecessary dilution of Mantle shares and how careful they are trying to be with their funds. I think you have to accept this guy on face value.
On a side issue he was very upbeat about Granite citing delays caused by the wet season and GFC. I got the impression that this will be a very interesting little number.
Even without BM Mantle is easily still worth over its current SP.
MNM Price at posting:
5.9¢ Sentiment: Buy Disclosure: Held
