Ahh...Did you read the fine print re announcement??
"Lead Manager Underwriting fees pursuant to the offer ar three (3) percent ($137,412). Pursuant to the Underwriting Agreementand Lead Manager Mandate, a further three (3) percent fee will be paid to the Lead Manager (up to a maximum of $137,412, assuming 100% shortfall) on shortfall shSares placed in relation to any shortfall under the Entitlement offer."
So again I ask....Do you think the underwriter fees for the manager/s seems high?
Also, I see that the price range on share price has been between 5.5C and 2.5C since 2016/17. Hence my comment regarding a 2Cent fluctuation in the past 5 years....
Could you please explain which post does not Imply Knowledge of the company? Did you miss something yourself perhaps?
MEL Price at posting:
2.9¢ Sentiment: None Disclosure: Not Held
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