Munji "Most interesting point is that Mcpherson hints at another capital raising..this is AFTER the srilanka deal falls through...this is massive news as he believes MDV will have to 'significantly gear up, which will require some capital'.."
Well, until the deal actually goes through the company still needs to operate so it could happen anytime.
Article "As yet the company hasn?t decided which funding route it will take." So it definitely needs money perhaps even before this SriLanka deal is done.
"The company seems to be an obvious target for sustainable investors." Meaning investing to hold and wait for the deals to unfold..
the last funding came from a draw down, the funding before that was the SPP and funding before that was a Soph placement... I'd say we'll see some Soph placements or directors contributions or something..
MDV Price at posting:
12.0¢ Sentiment: LT Buy Disclosure: Held