Australia's largest stock trading and investment forum Australia's #1 stock forum

MRC

Click for more information

0.00%

2.6¢ mineral commodities ltd

Ann: Extension of Closing Date of Retail Entitlement Offer, page-10

First 10 Last

Share
Profile

Follow
Bella66

1,348 Posts.

157

21/11/23

12:46

Post #: 71018184
Share

Originally posted by spid81: ↑

Morning Sirrobbo,

Why would you want to buy shares on the market for 3 cents or above, when you can help out the company by taking up your SPP entitlements?

It makes no sense to me that you would wait around for days in the hope that someone might drop a few thousand dollars worth of shares, yet if you took part in the SPP, you can take up your entitlement or apply for the shortfall.

We all know there will be a significant amount of shortfall as the previous CEO hasn't taken part in any of the previous CR's.
I am surprised the SP has stayed above the CR price for the whole entitlement period.

I still believe MRC will see around 70% uptake from existing shareholders, It will be interesting to see how Scott goes with the new institutional investors with taking up the shortfall, One can only assume this has been positive as MRC didn't extend the entitlement period for shareholders.

Expand

you are obviously over invested here spid and believe in unicorns

MRC Price at posting: 3.1¢ Sentiment: None Disclosure: Not Held
4 Upvote

0 Great analysis

Reply

Top Stories

MKG

Mako sniffs gold at 170 g/t at Cote d’Ivoire's Napié play

NAM

Olam Agri raises Namoi takeover offer to 75 cents a share and receives shareholder backing

Dale Gillham's weekly wrap: US fracking support boosts outlook for Australian gas stocks

VUL

Vulcan appoints investment bank and M&A veteran to board

MLS

Metals Australia kicking off plant study at Lac Carheil; Canadian tariff tailwind potential

Week 37 Wrap: HotCopper likes Cuban oil; markets shrug debate off for Putin; firebrand quant says social media a market threat

AZY

Antipa divests its Citadel interest to JV partner Rio for A$17M, refocuses on Minyari Dome

MM8

Medallion Metals kicking off 15,000m drill run at Ravensthorpe gold play

ASN

Utah authorities sign off on Anson's lithium extraction plans at Green River

ENV

Enova Mining unveils "high-grade" REE drill hits at Coda North, Brazil

There are more pages in this discussion • 81 more messages in this thread...

First 10 Last

Add MRC (ASX) to my watchlist

SPONSORED BY