For those who worried about more dilution, I interpret this buying on market by Drake as a fairly good indication there wont be another cap raise anytime soon.
Think about it. Drake were in on the first cap raise and were probably hoping to get in on some more action, all things going well. But now Credit Suisse are taking the next steps with funding, ie. the $4M, they probably realise they're not going to get another sophisticated placement.
Only option left is to buy on market. Good strategy John. It's paying off and will continue to do so IMO.
Good luck to all holders!
Ann: Change in substantial holding , page-8
-
- There are more pages in this discussion • 13 more messages in this thread...
You’re viewing a single post only. To view the entire thread just sign in or Join Now (FREE)
Add MYG (ASX) to my watchlist
 (20min delay)
|
|||||
|
Last
79.5¢ |
Change
-0.045(5.36%) |
Mkt cap ! $72.71M | |||
| Open | High | Low | Value | Volume |
| 82.5¢ | 82.5¢ | 79.0¢ | $57.46K | 71.46K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 4 | 9339 | 79.5¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 85.0¢ | 18000 | 1 |
View Market Depth
| Last trade - 13.23pm 24/07/2024 (20 minute delay) ? |
| MYG (ASX) Chart |