Hey Golden, look I think the dilution could be more.
I calculated (hopefully right) 1.2B \ 3.2B x 100 and it popped out 31% but I’m not sure I’m right.
Anyway, even if it is, what price do you then place on another proven 49M tonnes with coastal access , more prospects and also snookering Mitsubishi?
I think whilst there is share dilution, the potential gains are worth considering.
Plus, we are that under valued and our share price is laughable, BUY more.
I am willing to bet we consolidate too which will be very beneficial.
Y
Ann: Conditional intention to make a takeover bid for MLM, page-10
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Mkt cap ! $70.86M | |||
| Open | High | Low | Value | Volume |
| 1.9¢ | 1.9¢ | 1.9¢ | $4.88K | 256.8K |
Buyers (Bids)
| No. | Vol. | Price($) |
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| 5 | 2182573 | 1.8¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
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| 1.9¢ | 1089111 | 2 |
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| Last trade - 16.10pm 24/05/2024 (20 minute delay) ? |
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| Open | High | Low | Volume | ||
| 1.9¢ | 1.9¢ | 1.9¢ | 68200 | ||
| Last updated 15.11pm 24/05/2024 ? | |||||
| DRX (ASX) Chart |