7.3million at 7cents is 104,000,000 extra shares.
Current shares on issue is 791,000,000, so it's around 13% dilution.
Could have been worse, could have been better. 13% dilution not that bad as it kick starts the final construction phase. IF it also locks in IDC loan, that wouldn't be a bad result either.
Can't forget that the company has already spent a lot of money on the main components of the plant. It's all just sitting there waiting to be put together.
7.3million at 7cents is 104,000,000 extra shares.Current shares...
Add MNB (ASX) to my watchlist
 (20min delay)
|
|||||
|
Last
5.5¢ |
Change
-0.001(1.79%) |
Mkt cap ! $48.44M | |||
| Open | High | Low | Value | Volume |
| 5.5¢ | 5.6¢ | 5.5¢ | $15.83K | 287.8K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 2 | 345000 | 5.4¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 5.5¢ | 86183 | 2 |
View Market Depth
| Last trade - 10.34am 14/05/2024 (20 minute delay) ? |
|
|||||
|
Last
5.5¢ |
Change
-0.001 ( 1.79 %) |
||||
| Open | High | Low | Volume | ||
| 5.5¢ | 5.5¢ | 5.5¢ | 116979 | ||
| Last updated 10.49am 14/05/2024 ? | |||||
| MNB (ASX) Chart |