MRF simply way too cheap at mid 2c
I reckon the 2.5c raising is done to compensate for those insiders sophs who paid 20c into the recap raising only 3 months ago, also include management themselves
effectively lower their avg
assuming most of them insiders hold tight after rights
potentially a bit of selling pressure from the retail punters who got in today & yesterday, the only days MRF was ever talked about here
I reckon the selling pressure after rights issue could be rather manageable.
and key newsflow coming in Apr, start of drilling
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