On 31 May ML announced a capital raising of $18mill was being finalised, at that time the share price was 11 cents so now 6 weeks later the share is averaging 8.5c. Given that there has not been any further update are we to assume they had agreed on a price of around 9.5cents? would you be paying 9.5cents when the share is around 8.5cents? I know I certainly wouldn't be risking my $18mill. I guess all will be revealed in the next quarterly due in 15 days or a subsequent announcement from the company saying how pleased they are to advise they have raised the $18mill, oh and by the way it was at 6c/share!!
These guys have thick skins but surely they aren't that thick, hmmm
My thoughts only. DYOR
PS. ML not responding to emails with pointed questions, but I guess it is his family company and shareholders are only there to tap when his bank balance starts getting low.
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Last
0.4¢ |
Change
0.000(0.00%) |
Mkt cap ! $12M | |||
| Open | High | Low | Value | Volume |
| 0.0¢ | 0.0¢ | 0.0¢ | $0 | 0 |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 23 | 24047419 | 0.3¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 0.4¢ | 1749999 | 2 |
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| Last trade - 16.21pm 25/07/2025 (20 minute delay) ? |
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