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Robbo24 if your envelope is still there could you calculate the...

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tony2times

697 Posts.

176

30/08/18

15:17

Post #: 35299037
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Originally posted by robbo24 ↑

I did some sums lately about how many shares MNS could place in a Rule 7.1 placement and what the extent of the discount could be: https://hotcopper.com.au/threads/an...dix-5b-query.4355667/page-60?post_id=34943301

The last 5 trading days have been between 36.5 and 38.5 cents, so let's pick a 5 day VWAP of 37.5 cents.

80% of 37.5 is 30 cents.

Thus, my back of the envelope calculation suggests the lowest capital raising price could be around 30 cents.

MNS could place its remaining Rule 7.1 allocation of 66,491,129 shares to raise $19,947,338.70.

It will be interesting to see what comes of it, good luck.

Laters..

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Robbo24 if your envelope is still there could you calculate the highest price you think the CR could be done at or do your sums only show the worst case scenario?

MNS Price at posting: 38.0¢ Sentiment: Buy Disclosure: Held
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0 Great analysis

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