It is a 9% dilution. Given that the share price was $2.00 at the trading halt, the price should have fallen to $1.82 after trading resumed, all else being the same (which it never is).
MML has done well to be $1.925 currently, especially on a down day for goldies. It is possible some elements of the market knew in advance of the capital raising prior to the halt, and took evasive action.
Obviously some people think MML has having a great future.
Lets hope no more stuff ups.
I still do not believe they will average 200k ounce per year, so I base me assumptions on 150k ounces once the new mill is fully operational.
loki
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