Best thing they could do is cancel the SPP and do a 1:2 rights issue at $0.035 inc a free option (essentially forcing shareholders to commit or be diluted heavily). Then maybe management don't want to stump up more cash...
I don't know the history of the debt facility but that has been there for way too long and should have been dealt with by now. Hope there's not a market cap covenant on the debt?
Ann: Share Purchase Plan Launched to Fund Growth, page-14
Add MPR (ASX) to my watchlist
 (20min delay)
|
|||||
|
Last
1.7¢ |
Change
0.000(0.00%) |
Mkt cap ! $5.843M | |||
| Open | High | Low | Value | Volume |
| 0.0¢ | 0.0¢ | 0.0¢ | $0 | 0 |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 40044 | 1.7¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 2.0¢ | 151110 | 3 |
View Market Depth
| Last trade - 16.11pm 13/05/2024 (20 minute delay) ? |
| MPR (ASX) Chart |
Day chart unavailable