I see a long serving shareholder selling. Announced this week. Pedan has been a big supporter of McCall and MIO. Now selling at these prices. I am guessing just lost confidence and MIO going nowhere. Getting low on cash. Has to be a big dilutive raise coming. If the directors/consultants cut their salaries and perks as a show of good faith it would help.
ASX:MIO PRIMED FOR STRATEGIC PARTNER TO MAXIMISE WA MAGNETITE ASSETS, page-7
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