M4M 8.70% 2.1¢ macro metals limited

What excites me is that one of the key drivers for our push from...

ANNOUNCEMENT SPONSORED BY PLUS500
ANNOUNCEMENT SPONSORED BY PLUS500
CFD TRADING PLATFORM
CFD Service. Your Capital is at risk
CFD TRADING PLATFORM CFD Service. Your Capital is at risk
ANNOUNCEMENT SPONSORED BY PLUS500
CFD TRADING PLATFORM CFD Service. Your Capital is at risk
  1. 728 Posts.
    lightbulb Created with Sketch. 242
    What excites me is that one of the key drivers for our push from ~2 cents to the current level was the announcement of an equity capital raising (with a relatively small amount of funds raised at 1.7 cents!). It's clear the valuations the market was putting on the company were heavily discounted for finance risk. The company takes a fairly small step to reduce that risk, and bang... immediate re-rate.

    Let's see what comes out tomorrow, but if the rumours are true that funds are to be raised at around 10 cents a share (which would be extraordinary given we were at 1 cent only six months ago), we're set for an exciting next few weeks. I'm predicting that, if there is a sizeable 10 cent per share raising confirmed tomorrow with high-calibre investors taking part, we'll hit 20 cents next week.

    Absolutely pumped.
 
watchlist Created with Sketch. Add M4M (ASX) to my watchlist
(20min delay)
Last
2.1¢
Change
-0.002(8.70%)
Mkt cap ! $76.08M
Open High Low Value Volume
2.3¢ 2.3¢ 2.1¢ $100.9K 4.648M

Buyers (Bids)

No. Vol. Price($)
7 2595448 2.1¢
 

Sellers (Offers)

Price($) Vol. No.
2.2¢ 1566000 3
View Market Depth
Last trade - 16.10pm 01/10/2024 (20 minute delay) ?
M4M (ASX) Chart
arrow-down-2 Created with Sketch. arrow-down-2 Created with Sketch.