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).
- Forums
- ASX - By Stock
- Ann: Correction to 4Q23 Trading Update
Same could be said how we're trading below the $0.50 placement...
-
- There are more pages in this discussion • 3 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 MME (ASX) to my watchlist
(20min delay)
|
|||||
Last
7.6¢ |
Change
0.007(10.1%) |
Mkt cap ! $60.80M |
Open | High | Low | Value | Volume |
6.9¢ | 7.6¢ | 6.9¢ | $91.75K | 1.219M |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
1 | 117552 | 7.6¢ |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
7.8¢ | 38472 | 1 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
1 | 117552 | 0.076 |
2 | 69700 | 0.073 |
1 | 50000 | 0.070 |
1 | 14925 | 0.069 |
1 | 91098 | 0.061 |
Price($) | Vol. | No. |
---|---|---|
0.078 | 38472 | 1 |
0.080 | 126100 | 3 |
0.081 | 200000 | 1 |
0.085 | 1602040 | 2 |
0.086 | 65481 | 1 |
Last trade - 16.10pm 31/05/2024 (20 minute delay) ? |
|
|||||
Last
7.5¢ |
  |
Change
0.007 ( 8.70 %) |
|||
Open | High | Low | Volume | ||
7.4¢ | 7.7¢ | 7.4¢ | 88694 | ||
Last updated 15.59pm 31/05/2024 ? |
Featured News
MME (ASX) Chart |