It's minimal dilution and preserving our cash is important as we have a lot of targets and good early results so plenty of drilling to come.
The company being acquired also has to like our prospects too, so they must see good oportunity to get in at this price. With low volumes traded on market it's unlikely they're looking to flip.
DR has been looking for another project that offers plenty of upside at good value, and one that he can keep drilling during the cropping season. Last cropping season was very slow news wise. I suspect this project won't have those issues. He pulled out of the Ti Tree project after due diligence so has been meticulous with chosing another project for us all.
Fingers crossed, another great project but Mynt just might prove to be a company maker. Maybe one day they will reflect they should have spelt it "Mint".
GLTAH.
G
Ann: MI6 to acquire large Li-REE project in WAs Gascoyne, page-12
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Last
14.5¢ |
Change
-0.010(6.45%) |
Mkt cap ! $33.93M | |||
| Open | High | Low | Value | Volume |
| 15.5¢ | 15.5¢ | 14.5¢ | $58.75K | 398.4K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 8737 | 14.5¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 16.5¢ | 20045 | 2 |
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| MI6 (ASX) Chart |