firsova, page-106

  1. 459 Posts.
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    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...?

    *******************
    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 ."
    *******************

    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
53.0¢
Change
0.015(2.91%)
Mkt cap ! $279.5M
Open High Low Value Volume
51.0¢ 53.5¢ 49.5¢ $589.9K 1.139M

Buyers (Bids)

No. Vol. Price($)
2 6000 51.0¢
 

Sellers (Offers)

Price($) Vol. No.
53.0¢ 14998 1
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Last trade - 16.10pm 07/07/2025 (20 minute delay) ?
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