MEP 0.00% 20.5¢ minotaur exploration ltd

Ann: Trading Halt, page-5

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  1. 3,795 Posts.
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    "A bit disappointing, cash at end of qtr was $2.829M, which is plenty!!!

    So yeah, for what???"

    Yes, surprising. They also have some $1.3 million worth in MTH, ATE, PTR, and TMZ shares. Will be interesting to see why they are raising capital, to whom, and at what price. I would have thought that the current deflated share price doesn't provide the right environment to raise capital. They aren't desperate for cash so imo there needs to be a good reason for this. If not then imo its a poor judgment by the board and I suspect this may get sold off strongly. Perhaps some sort of cornerstone investor to join the registry?
 
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Currently unlisted public company.

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