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Ann: Correction to 4Q23 Trading Update, page-8

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mhkforevermci

3,064 Posts.

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05/08/23

20:40

Post #: 69180017
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Originally posted by danbradster: ↑

Same could be said how we're trading below the $0.50 placement price.

But I agree with the logic.

Company raised cash at $0.08. They've reduced risk at that price (reduced debt, improved ratios). $0.07 is better value than was gained by all who participated in that raising.

As long as it's a true 'mispricing'. Not just 'updated' pricing, because of updated assumptions since then.

From the quarterly, I'm missing some important info that I have to wait for the annual report to get. So it's hard for me to say whether the company is in a stronger or weaker position in the months after the raising (other than the de-risking from the cash itself).

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Oh what's missing from the annual report you are waiting on etc? Thanks

MME Price at posting: 6.7¢ Sentiment: Hold Disclosure: Held
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(20min delay)
Last 7.0¢		Change 0.000(0.00%)		Mkt cap ! $56.00M

Open	High	Low	Value	Volume
7.0¢	7.0¢	7.0¢	$1.4K	20K

Buyers (Bids)

No.	Vol.	Price($)
1	208	7.0¢

Sellers (Offers)

Price($)	Vol.	No.
7.4¢	446628	1

View Market Depth

No.	Vol.	Price($)
1	208	0.070
1	72945	0.066
1	39848	0.065
1	91098	0.061
2	341090	0.060

Price($)	Vol.	No.
0.074	446628	1
0.075	34389	1
0.076	5922	1
0.077	106602	3
0.078	38472	1

Last trade - 10.46am 05/06/2024 (20 minute delay)


Last 7.0¢			Change 0.000 ( 5.41 %)
Open	High		Low	Volume
7.0¢	7.0¢		7.0¢	3500
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