Yeah, it's a damn shame as the sp looked like it was about to spring. What was written yesterday in the secondary trading notice and what was said by Zeff in last weeks BRR are total contradictions. Is the operation just an out of control beast that just needs to be fed funds constantly or can they some how reign in expenditure? Funding is expensive no matter how you go about it and to require " additional" funding. This is all just working capital. They are not adding anything with this dilution which we don't know is already there. If they were signing up new leases fair enough but it's just for operations. Wonder if Cobb is opening up the cheque book again. Brave man if he is and I wonder how the SI's are feeling now as their CR at 1.0 cent is about to be down 40%. Not feeling too sophisticated I bet. And why didn't they at the time raise twice as much at 1.0 cent? Oh the cartwheels to see 1.0 cent again. All IMO of course.
MNE Price at posting:
0.8¢ Sentiment: Hold Disclosure: Held
