is it possible they raised close to zero and the company is on the brink of insolvency?
surely they could do a standard placement with a broker if they had too?
i cant see the spp being an overwhelming success as the sp hovered only marginally above the 23c mark for most of the spp period and actually tanked below near the end.
gee whiz, for a company supposedly on the brink of a blockbuster deal to sell a "world class asset", its hard to believe we are sitting on the edge of our seats like this. in contrast, it should be a soaring sp in the vicinity of the original offer mark - 63cps and very strong support.
it reeks of "something is not right here", but i continue to hold in hope.
MTC Price at posting:
21.0¢ Sentiment: Hold Disclosure: Held
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