MMC 1.16% 85.0¢ 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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85.0¢
Change
-0.010(1.16%)
Mkt cap ! $95.67M
Open High Low Value Volume
86.0¢ 87.0¢ 83.5¢ $399.1K 470.7K

Buyers (Bids)

No. Vol. Price($)
3 52604 84.5¢
 

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Price($) Vol. No.
85.0¢ 5083 1
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Last trade - 13.05pm 09/07/2024 (20 minute delay) ?
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