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
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($) | Vol. | No. |
---|---|---|
53.0¢ | 14998 | 1 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
2 | 6000 | 0.510 |
1 | 1980 | 0.505 |
2 | 113800 | 0.500 |
2 | 11100 | 0.490 |
1 | 10500 | 0.485 |
Price($) | Vol. | No. |
---|---|---|
0.530 | 14998 | 1 |
0.535 | 173000 | 2 |
0.540 | 122500 | 3 |
0.550 | 155318 | 6 |
0.560 | 65556 | 1 |
Last trade - 16.10pm 07/07/2025 (20 minute delay) ? |
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