MGO 0.00% 14.0¢ marengo mining limited

Yep agree communication is very poor and the CR now shaping up...

  1. 286 Posts.
    Yep agree communication is very poor and the CR now shaping up to disappoint; I think this is however already reflected into the SP.

    I wouldn't get too carried away though, consider that they were offering roughly an increase of 13.5% in the shares of the company to raise 30M+ oversub. This would result in ~ 12% of the company post issue. There is no way 12% of the company is going to exchange hands on market at 17c. So anyone looking to take a significant stake could expect to pay a premium. The only way I can see the CR at this price is if the new investors are in fact the current major shareholders (safe hands) or perhaps NFC themselves.

    My suggestion is all those feeling jilted and worried about being diluted buy on market through the course of tomorrow, this is bound to get the price heading north and make a few of us happy.
 
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Currently unlisted public company.

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