MLS 0.00% 2.6¢ metals australia ltd

isnt one of the requirements of the flow through shares that...

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  1. 4,929 Posts.
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    isnt one of the requirements of the flow through shares that they have to be held for a certain period, normally 24 months? For the exact reason that they cannot be dumped on market. Also the raise was aprox 3.3 million after costs, the 1 million showing as a redundancy but when the money is spent it becomes a tax credit, either way the CEO is in Canada for a few weeks, wonder what for? Either piss up with mates or possible something else. I am not a fan of the raise, we had enough money, but it is done and i am positive it has made some people money, and not sharrholders. However we are now suitably funded for a full scale attack on Lac Rainy, if we can upgrade the resource by multiples and put together a attractive PFS, we could well be headed to the 100 million market cap the CEO requires. Again if they dont deliver then we are back to square one.
 
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