Hi Chuk, agree that IDC loan CPs are not unusual, we would need all that extra money anyway between now and when we start receiving income, in fact I suggested in earlier posts I expected IDC not to approve the loan till we could prove we could finance the remainder - a CP is the same thing.
I don't follow A4N and I don't generally read posts that are replies to trolls so I may have missed some of your other points.
As I said, I think MNB has a lot going for it and will eventually be very successful, but I'm sorry whichever way you look at the latest cap raise - it was crap. Obviously these last minute investors & Shanghai Jason pulling out upset the apple cart, the initial $10m over subscribed placement at 7c with no free option was acceptable.
When you say it was just a 23% discount - IMO that is very misleading.
Hi Chuk, agree that IDC loan CPs are not unusual, we would need...
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Last
5.6¢ |
Change
-0.002(3.45%) |
Mkt cap ! $48.44M | |||
| Open | High | Low | Value | Volume |
| 5.6¢ | 5.6¢ | 5.5¢ | $9.232K | 166.2K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 2 | 99963 | 5.6¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 5.8¢ | 252589 | 4 |
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| Last trade - 15.37pm 03/05/2024 (20 minute delay) ? |
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Last
5.6¢ |
Change
-0.002 ( 1.82 %) |
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| Open | High | Low | Volume | ||
| 5.6¢ | 5.6¢ | 5.5¢ | 86140 | ||
| Last updated 15.37pm 03/05/2024 ? | |||||
| MNB (ASX) Chart |