This works for me, I was looking to pick up a few anyway. For anyone who believes we are onto something here and is willing to take a punt it's not a bad thing. At present i'm not fussed about the SP, it can move between 7c and 23c based on nothing more than market sentiment and pending results. I prefer capital raisings give current shareholders the ability to maintain their current % or accumulate more. For me bottom line is the exploration and proving out is the game, not the short term SP. Eventually we all hope MMA will reflect better value for shareholders. Maybe it's a tough pill for Rob to swallow reducing shareholding in MMA, he spent a lot of time on Maronan. Agree though this just guarantees the SP slides to 10c. In the long term though i hope these $0.10 shares will prove to be a bargain. I don't mind that it's not underwritten and we can buy anything from 1k to 30k worth. Be interesting to see how well subscribed it is.
RDM Price at posting:
12.5¢ Sentiment: Hold Disclosure: Held
A personalised tool to help users track selected stocks. Delivering real-time notifications on price updates, announcements, and performance stats on each to help make informed investment decisions.
(20min delay)