@Rory_liu
The shares are being issued for:
’Part consideration for tenement acquisition’
IMO this relates to MDI acquiring an additional tenement near Sandstone that they can explore/mine. This is essentially a deposit/down payment, giving MDI the future ability to expand their mining envelope.
It’s actually a positive sign - they wouldn’t be doing this if they didn’t think there was justification to recommission their mill in the short term.
My expectation is that they will issue an additional announcement further explaining this issue tomorrow.
GLTAH
@Rory_liuThe shares are being issued for:’Part consideration for...
-
- There are more pages in this discussion • 2 more messages in this thread...
You’re viewing a single post only. To view the entire thread just sign in or Join Now (FREE)
Add MDI (ASX) to my watchlist
 (20min delay)
|
|||||
|
Last
1.3¢ |
Change
-0.002(13.3%) |
Mkt cap ! $2.832M | |||
| Open | High | Low | Value | Volume |
| 1.4¢ | 1.4¢ | 1.3¢ | $2.619K | 200.2K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 3 | 349000 | 1.3¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 1.5¢ | 136723 | 2 |
View Market Depth
| Last trade - 13.09pm 28/06/2024 (20 minute delay) ? |
| MDI (ASX) Chart |