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2.17% 4.7¢ latrobe magnesium limited

Ann: Trading Halt, page-21

  1. cameronb
    604 Posts.
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    22/05/23
    13:20
    Post #: 67896762
    They would likely have had the 4 million secured before even opening the offer.
    Sophs and larger holders get approached in the days leading up to the offer and if it's a reasonable deal it's often tied up before the announcement.

    Good to see there wasn't any shortfall but then 4 mill is not a huge amount to raise.
    Dilution will be minimal too so that's good as well
    LMG Price at posting: 6.5¢ Sentiment: Hold Disclosure: Held
    Likes Created with Sketch. 5  Upvote
    lightbulb Created with Sketch.  Great analysis
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