MMC 4.65% 90.0¢ mitre mining corporation limited

Dann,I guess the end result will be approximately the same and i...

  1. 1,212 Posts.
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    Dann,
    I guess the end result will be approximately the same and i would hazard to say that the market has factored in the inevitable massive dilution looming in 6 months time when more cash will have to be raised. There are over a billion shares on the books at the moment. If my understanding is correct money raised at these levels will trigger the non dilution clause of the last raising resulting in a further issuance of another 2 billion shares. So essentially our existing shares will be worth a truckload less than they are now. I am now doubtful whether my investment over more than a decade will ever be realised as it is becoming more and more apparent that Sentient will take control of the company for a song.
    Anyway I am no expert and I hope I am wrong about the above.

    I hold mmc
 
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Last
90.0¢
Change
0.040(4.65%)
Mkt cap ! $102.5M
Open High Low Value Volume
86.0¢ 91.5¢ 83.5¢ $1.415M 1.620M

Buyers (Bids)

No. Vol. Price($)
2 71781 90.0¢
 

Sellers (Offers)

Price($) Vol. No.
92.5¢ 1218 1
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Last trade - 16.10pm 09/07/2024 (20 minute delay) ?
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