MPJ 0.00% 0.0¢ mining projects group limited

After the meeting the company will have morphed into a...

  1. 370 Posts.
    lightbulb Created with Sketch. 98
    After the meeting the company will have morphed into a formidable outfit. It will have emerged with "a restructured capital base - highly leveraged to exploration success..." And not only that. It will also emerge with a new name -Kairos - originating out of ancient Greek meaning -"the supreme moment". Wow!
    In plainer language does this simply mean that henceforth the company will now have the elbow room to go through a new round of about another 10 capital raisings until it again hits the brick wall of 2 billion issued shares. As for the supreme moment - get those options into the money, and that will be it. Heady stuff.
 
watchlist Created with Sketch. Add MPJ (ASX) to my watchlist

Currently unlisted public company.

arrow-down-2 Created with Sketch. arrow-down-2 Created with Sketch.