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Ann: Further Placement Update, page-9

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cuppa

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21/07/22

16:51

Post #: 62658733
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Originally posted by Holden0317: ↑

I do not see it that way.

I agree we already knew all of this. But enforcement action by commencing proceedings was always the logical next step if they did not capitulate.

I regard this update as positive as it embodies the company:

(1) protecting our interests as shareholders;

(2) sending a message to any other dubious cornerstone investors (or 'tyre kickers') that MRR are hard nosed commercial people who mean business and will not condone such conduct;

(3) reiterating that in respect of the cap raising of 21/4/22, the overwhelming majority of investors participated in the placement and, by their conduct, indicated that they considered the ~6c to be a compelling investment opportunity;

(4) reiterating (for those who may have become myopic) that in fact the proceedings are utterly irrelevant in terms of the maiden drilling programs which are imminently kicking off.

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I think you have taken my post in a wrong way.I wasnt being negative and I agree they need to take action against these investors.I would expect nothing less.I actually bought more today to average down a bit.

MRR Price at posting: 3.4¢ Sentiment: None Disclosure: Held
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(20min delay)
Last 0.9¢		Change 0.001(6.25%)		Mkt cap ! $9.221M

Open	High	Low	Value	Volume
0.8¢	0.9¢	0.8¢	$3.9K	481.9K

Buyers (Bids)

No.	Vol.	Price($)
13	11322775	0.8¢

Sellers (Offers)

Price($)	Vol.	No.
0.9¢	7522801	12

View Market Depth

No.	Vol.	Price($)
13	11322775	0.008
10	4748515	0.007
4	1650000	0.006
3	1825000	0.005
2	1500000	0.004

Price($)	Vol.	No.
0.009	7522801	12
0.010	7542748	10
0.011	5726800	7
0.012	3605490	6
0.013	1184018	4

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