@SaberX, no applicability to the Manganese from what I can see.
The RDG Mkt cap pre MIN coming on to register probably isn't a fair or relevant comparison to Australian Garnet that is being consumed in this deal.
RDG was a mining contracting/services minnow with no real assets outside of its plant and machinery and goodwill, versus Australian Garnet that has a shovel ready fully approved resource tenement.
In terms of dilution, I for one prefer the issuance of shares to fund the acquisition at this stage, as opposed to a cap raise.
At a guess, the cap raise may come at a later date to fund the construction on the acquired site.
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Mkt cap ! $73.77M |
Open | High | Low | Value | Volume |
2.6¢ | 2.6¢ | 2.5¢ | $11.33K | 449.2K |
Buyers (Bids)
No. | Vol. | Price($) |
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1 | 415457 | 2.4¢ |
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Price($) | Vol. | No. |
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3.0¢ | 100000 | 1 |
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No. | Vol. | Price($) |
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1 | 415457 | 0.024 |
2 | 550000 | 0.022 |
1 | 220000 | 0.021 |
1 | 10000 | 0.012 |
0 | 0 | 0.000 |
Price($) | Vol. | No. |
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0.030 | 100000 | 1 |
0.032 | 199999 | 1 |
0.033 | 100000 | 1 |
0.034 | 388066 | 1 |
0.035 | 224000 | 1 |
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