Hi,
it is because of reasoning similar to contratrarian and dexter that I will be using proceeds from BUY to partcipate in the MMR SPP.
MMR should be priced around 8x BUY, but is currently only 3x. This means either MMR is underpriced or BUY is overpriced.
As long as the ratio remains under 8x by the time the SPP is underway, it makes sense to me to use BUY to pay for MMR.
In pure trading terms, the actual price of the SPP is unimportant, it is the MMR:BUY ratio which is more relevant.
Joel
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Last
0.5¢ |
Change
0.000(0.00%) |
Mkt cap ! $9.248M | |||
| Open | High | Low | Value | Volume |
| 0.5¢ | 0.5¢ | 0.5¢ | $1.173K | 238.3K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 18 | 9666779 | 0.4¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 0.5¢ | 6349871 | 1 |
View Market Depth
| Last trade - 16.10pm 15/07/2025 (20 minute delay) ? |
| MMR (ASX) Chart |