I find it difficult to image a big investor will come in to scoop up MHM shares, even at bargain prices. The problem is we are not very liquid and it would take months to assemble a sizeable position, otherwise you push the price to moon and watch as other people take profits on your buying.
We all saw what happened the other day from 85cish to 95cish on a couple of sizeable orders, since then the SP has hardly moved.
IMO, I would welcome a $30 million sell of shares to a cornerstone investor, at a premium, (maybe 1/3 offered to current shareholders) and fast track a 2nd US plant to come online at a similar time as the first. I would Imagine poor Ben would be worked to the bone and certainly earn his keep in such a senario. Anyway, that would provide some needed liquidity and give us a 2nd plant to boot.
I find it difficult to image a big investor will come in to...
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Last
29.0¢ |
Change
0.005(1.75%) |
Mkt cap ! $118.5M | |||
| Open | High | Low | Value | Volume |
| 28.5¢ | 29.0¢ | 28.5¢ | $28.10K | 97.81K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 1741 | 29.0¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 30.0¢ | 12000 | 2 |
View Market Depth
| Last trade - 15.59pm 28/06/2024 (20 minute delay) ? |
| VYS (ASX) Chart |