Firsova,
For some time you've been 'predicting' a CR and the negative connotations that go with this (despite the fact that any capital raising would be done to either build cash flow producing US plants, or possibly a silica smelter, or both - hence a big positive no matter how you look at it) yet all of a sudden you've bought some MHM - wait for it... becuase you think a CR is about to happen...?
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Firsova's post:
Personally I bought a very small holding on the expectation of a rights issue where you can buy up to $25000 maximum irrespective of your holding .
MY best guess at the price is 81 , ie 10% below the 90 they are trying to support ."
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Intersting investment reasons/methodolgy based on the above post.
Let's ignore the basic error that even if you have a small holding a rights issue will mean you get an even smaller portion (say 1 for 5?) and that you are probably talking about an SPP, and the max is $15k not $25k (for a SPP), and the dubious, unsubstantiated statement that MHM is 'supporting' 90c. Frank actually 'supported' $1.09 according to asx announcements.
I'm confident that whatever funding method the directors choose it will be very well supported from existing shareholders and/or a cornerstone investor.
For the record, I also supsect a CR at some point unless they pull a rabbit out of the hat. It really is a NON-ISSUE.
Good luck to all and make no mistake, this is still very much a speculative share with plenty of turbulent SP moments ahead.
Silica suddenly appears to be making some noise though! Bonus bonus bonus.
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Last
50.0¢ |
Change
-0.020(3.85%) |
Mkt cap ! $258.7M |
Open | High | Low | Value | Volume |
51.5¢ | 51.5¢ | 49.0¢ | $462.4K | 919.8K |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
4 | 42742 | 49.0¢ |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
50.5¢ | 61846 | 2 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
3 | 12010 | 0.510 |
2 | 161600 | 0.500 |
4 | 14996 | 0.490 |
2 | 44000 | 0.485 |
8 | 188207 | 0.480 |
Price($) | Vol. | No. |
---|---|---|
0.500 | 6947 | 1 |
0.510 | 49073 | 2 |
0.515 | 105000 | 2 |
0.520 | 51798 | 2 |
0.530 | 50000 | 1 |
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