Not sure how high the market will take it on potential because its oozing with it
Looks like the market wants to see this raise money at a high price to avoid dilution bearing in mind only 125m shares on issue, 42% is tied up to the top 20.
But at only 12m m/cap and $2.1m cash there is heaps of room to go a higher, raise cash at high share price with a small issue, and that's where the real big money can be made if you are long.
Plus we know top 4 holders are Silver Lake, IGO and Barrick gold. Any raise will be oversubscribed.
Silver lake were after a mill feeder, and they may just get one sooner rather than later.
PS....I haven't looked into those stocks you mentioned.....for now it's all about MGV