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Yes, expect a CR to recapitalise to meet ASX requirements. There...

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Justadabble

8,522 Posts.

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07/06/23

15:43

Post #: 68177445
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Originally posted by Navigator00: ↑

So i think the missing factor here is the ASX. I would suspect they will require MEC to do a capital raise before trading again and it will need to be fairly sizeable, otherwise we would already be trading again. So what price are they going to do it at? $0.004? Who knows, but they will need to be around that mark.
Which is why i think MEC will be very good value when we do get trading again, and hopefully shareholders can top up at the same price that directors are getting converted at.

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Yes, expect a CR to recapitalise to meet ASX requirements. There is also an amount owing to Advent still, could be via a placement.

MMR Price at posting: 0.4¢ Sentiment: Buy Disclosure: Held
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