what doesn't help is the amount of money that the company has been desperately trying to raise is very large compared to its current market cap. 26m USD capex remaining plus operational cost for the whole of 2024 and possibly 2025 (I now strongly believe in a 2025 production, that is if it ever produces. 2024 production is now the unlikely event).
Maybe that's why someone from the company (according to what was said in this forum) said it "should be" 300m+ by now. That would make the raise much easier.
Not sure what comes out of the nego process, but one thing is for sure: MNB entered in the nego process with the worst position possible for a favorable outcome. If it comes out with a good deal, that will be a miracle, not the baseline expectation.
what doesn't help is the amount of money that the company has...
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Last
5.9¢ |
Change
-0.001(1.67%) |
Mkt cap ! $51.04M | |||
| Open | High | Low | Value | Volume |
| 6.1¢ | 6.3¢ | 5.8¢ | $60.04K | 990.5K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 38975 | 5.9¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 6.0¢ | 91000 | 2 |
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| Last trade - 15.50pm 10/05/2024 (20 minute delay) ? |
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Last
5.9¢ |
Change
-0.001 ( 0.00 %) |
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| Open | High | Low | Volume | ||
| 6.1¢ | 6.2¢ | 5.8¢ | 760369 | ||
| Last updated 15.01pm 10/05/2024 ? | |||||
| MNB (ASX) Chart |