I was going to have a little dig at the 4c today as I have some free mullah.
Rethought my strategy and will see what happens when new shares are issued. Some holders and the underwriter might have a go at a quick but small profit.
If the heads are still trade around mid 3c then might find the underwriter dumping shares or oppies. It's probably about then that IK will need some news to shore up the sp. He has a basket load of projects to draw on to find good news, which will it be?
What value will the market place on the new oppies. Strike price of only 4.5c and well over a year to run, my guess is they will trade at 1c. Temptation to seel the oppies for a quick will be too much for some, and the underwriter. May just wait and see what I can get with the oppies!
MNM Price at posting:
3.6¢ Sentiment: Hold Disclosure: Held
