I don't have any details on what is developing during this suspension, so the following is just a hypothetical based purely past company guidance on what to watch for.
What if they are introducing a new cornerstone investor that wants to participate in the green ammonia and get that project started?
By contributing cash for equity, it does dilute us - which is what we are currently expecting anyway with the cr. However while diluting our holding by a modest amount, it also adds to the total net worth of our company by making this a two projects company with the second project much larger than the first. Our diluted shares would be worth more per share than the non diluted shares were worth based on just the one project.
The company would become larger, more diversified and have a large cornerstone partner to add credibility. That in turn could at some point attract more diversied insto buying and rather than hope for a PE ratio of 5 on the phosphate, we might instead trade on a PE ratio of 10 knowing that the GA is going to be developed and bring future growth.
However, from what I hear, I wouldn't sweat it about this cr being too dilutive either.
- Forums
- ASX - By Stock
- Ann: Continuation of suspension
I don't have any details on what is developing during this...
- There are more pages in this discussion • 178 more messages in this thread...
You’re viewing a single post only. To view the entire thread just sign in or Join Now (FREE)
Featured News
Add MNB (ASX) to my watchlist
(20min delay)
|
|||||
Last
5.4¢ |
Change
0.000(0.00%) |
Mkt cap ! $46.71M |
Open | High | Low | Value | Volume |
5.6¢ | 5.6¢ | 5.4¢ | $35.15K | 636.4K |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
3 | 454296 | 5.4¢ |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
5.6¢ | 228952 | 3 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
3 | 454296 | 0.054 |
5 | 262099 | 0.053 |
4 | 325230 | 0.052 |
5 | 717640 | 0.051 |
7 | 382000 | 0.050 |
Price($) | Vol. | No. |
---|---|---|
0.056 | 178952 | 2 |
0.057 | 384000 | 1 |
0.058 | 494309 | 5 |
0.059 | 75000 | 2 |
0.063 | 150000 | 3 |
Last trade - 15.06pm 07/05/2024 (20 minute delay) ? |
|
|||||
Last
5.5¢ |
  |
Change
0.000 ( 0.00 %) |
|||
Open | High | Low | Volume | ||
5.6¢ | 5.6¢ | 5.5¢ | 80835 | ||
Last updated 15.47pm 07/05/2024 ? |
Featured News
MNB (ASX) Chart |
The Watchlist
I88
INFINI RESOURCES LIMITED
Charles Armstrong, CEO
Charles Armstrong
CEO
Previous Video
Next Video
SPONSORED BY The Market Online