Once relisted and old wood is cleaned out then more value can be added by more projects being vended in. The two current assets are still prospective IMO but with low SOI they could easily vend in a new project and still have low shares on issue. By Vending in the right project you can see what has happened to MEI over the last month, a good project comes in and they are 5 x their market cap and are now $80m mcap.
At 1c shares in the raise the company only needs to get to a $15m mcap and its 4x any money invested in the current raise plus there are 1:1 options which would already be in the money so will potentially add more value
In order to double your money and keep the free options the Mcap only needs to get to $7.3m!
Ann: Non-renounceable Entitlement Offer-Extension of Closing Date, page-5
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Last
0.9¢ |
Change
0.001(12.5%) |
Mkt cap ! $4.134M | |||
| Open | High | Low | Value | Volume |
| 0.9¢ | 0.9¢ | 0.9¢ | $2.175K | 241.6K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 2 | 614292 | 0.9¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 1.0¢ | 2918894 | 8 |
View Market Depth
| Last trade - 11.23am 14/05/2024 (20 minute delay) ? |
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Change
0.001 ( 12.5 %) |
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| Open | High | Low | Volume | ||
| 0.9¢ | 0.9¢ | 0.9¢ | 1 | ||
| Last updated 11.29am 14/05/2024 ? | |||||
| ZEU (ASX) Chart |