Like i said time for management to earn their money and get a deal done that is binding and comes with some cash. The rights offer is still going so people may still buy the shares on offer.
Noting the recent history of management if they did raise the money this time round no doubt they would have blown it, not paid for the mining lease and come crawling to us for money again in 6 months time. At least now they know that's no longer an option. Maybe they will go into partnership discussions with a bit more intent and get an actual deal done.
maybe just maybe Tim could take a pay cut as well. Has to be the highest paid CEO of a penny stock company in history.
whilst I agree with your options idea. MGT have failed time and time again to get options into the money.
Ann: Entitlement Offer closes raising $1.17M, Shortfall commenced, page-40
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Last
18.5¢ |
Change
0.005(2.78%) |
Mkt cap ! $21.33M | |||
| Open | High | Low | Value | Volume |
| 18.0¢ | 18.5¢ | 17.5¢ | $14.97K | 83.40K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 90014 | 17.5¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 18.5¢ | 30666 | 2 |
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| Last trade - 15.42pm 04/10/2024 (20 minute delay) ? |
| MGT (ASX) Chart |