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2.2¢ metals australia ltd

Ann: MLS Raises A$3.5M at a 40% Premium to Accelerate Lac Rainy, page-53

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aliscrazy

3,777 Posts.

315

23/02/24

14:30

Post #: 72562084
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Originally posted by Batohbk: ↑

it's the way Canadian flow through funding works
Winsome do it its allowed once a year
surprised these clowns haven't done it before

the catch is all the money has to be used within a year for drilling

so I guess it's a positive

so the deal roughly is money is generally raised at double the share price
these clowns could only find buyers at 40% premium

the Canadians that got the shares at 4.2c claim a tax credit for half then on sell the shares to Australia investors at around half what they paid.

there will be a cross trade for these shares in March for roughly half what was paid 2.1c

no doubt mates will get the shares for that price.

my understanding of how it works

stand corrected

I was clearly explained on an old WR1 thread that I couldn't be bothered finding

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Ok so 2.1c not the confirmed price, it's not always 50% off but yeh very interesting in the what the block trade price will be, as that's all that matters short to medium term.

MLS Price at posting: 3.0¢ Sentiment: Buy Disclosure: Held
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(20min delay)
Last 2.2¢		Change 0.000(0.00%)		Mkt cap ! $15.56M

Open	High	Low	Value	Volume
2.2¢	2.2¢	2.2¢	$4.826K	219.3K

Buyers (Bids)

No.	Vol.	Price($)
2	124807	2.2¢

Sellers (Offers)

Price($)	Vol.	No.
2.3¢	88909	3

View Market Depth

No.	Vol.	Price($)
2	124807	0.022
8	3591239	0.021
16	2442923	0.020
6	3026484	0.019
4	1045555	0.018

Price($)	Vol.	No.
0.023	88909	3
0.024	2000	1
0.025	631175	6
0.027	45521	2
0.028	500000	1

Last trade - 12.31pm 28/05/2024 (20 minute delay)


Last 2.2¢			Change 0.000 ( 0.00 %)
Open	High		Low	Volume
2.2¢	2.2¢		2.2¢	19
Last updated 10.16am 28/05/2024 ?

MLS (ASX) Chart

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