By refinancing, it would not be a raising IMO, it would be a deal about the $2 million MNM owes. It could be as simple as extending the agreement by a few years to pay the $2 Million thereby allowing MNM time to get things sorted and some drilling done. They may have raise say a 1/2 million for drilling and ongoing running costs but better than a raising of $2.5 million. Anyway I am no longer a shareholder but I am keeping a keen interest in MNM. I won't get back in but at the same time I don't want the company to fail. I lost $50k on this stock but hey there the breaks. There just wasn't enough info being released to the market about the $2 Million payment owing and thus unless you were a gambler or had inside information, then who in there right mind would stay in the stock. If this were any other stock the share price should be down to 4 cents / 5 cents so in my opinion most of the buy side are in the know.
- Forums
- ASX - By Stock
- AUL
- Ann: Trading Halt
Ann: Trading Halt, page-10
-
- There are more pages in this discussion • 3 more messages in this thread...
You’re viewing a single post only. To view the entire thread just sign in or Join Now (FREE)
Featured News
Add AUL (ASX) to my watchlist
Currently unlisted public company.
The Watchlist
JBY
JAMES BAY MINERALS LIMITED
Andrew Dornan, Executive Director
Andrew Dornan
Executive Director
SPONSORED BY The Market Online