MTL mantle minerals limited

Most times the consolidation is done so they can then do a CR...

  1. 601 Posts.
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    Most times the consolidation is done so they can then do a CR and offer the necessary discount to attract investors. With the share price at $0.001 it makes it difficult to package an attractive offer to raise funds.
    As it is now the Market Cap. of $6 mil is over inflated by the share price not being able to drop further. If they did a consolidation of 10:1, it wouldn’t take long for the SP to drop back close to the present level.
    As you say, a shareholders % ownership in the company doesn’t change after consolidation, so whoever is against the consolidation/split must have a different way forward to raise funds for future exploration. And why try and hold the meeting three times if you know before the first meeting it’s not going ahead.
    I really hope they explain this come next week. They definitely look at this site because they pay for interview time for their previous announcements.
 
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(20min delay)
Last
0.1¢
Change
0.000(0.00%)
Mkt cap ! $6.447M
Open High Low Value Volume
0.1¢ 0.1¢ 0.1¢ $900 900K

Buyers (Bids)

No. Vol. Price($)
38 281961046 0.1¢
 

Sellers (Offers)

Price($) Vol. No.
0.2¢ 272205674 60
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Last trade - 09.59am 28/07/2025 (20 minute delay) ?
MTL (ASX) Chart
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