MKG 0.00% 0.9¢ mako gold limited

Hey Asteroider, sorry but I don't understand your reasoning...

  1. 125 Posts.
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    Hey Asteroider, sorry but I don't understand your reasoning here. The funds to be refunded to shareholders by MKG from oversubscription were never being relied upon by the company as a source of capital, so I fail to see how this could possibly trigger another capital raising in the next 2 months? Also if shareholders sold significant holdings in order to apply for new stock, but to only end up with say $500 worth of stock, wouldn't that mean any recent selling pressure would now be replaced by buying pressure as shareholders who sold down may act to reinstate their original holdings?
 
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