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5.08%

5.6¢ meeka metals limited

thanks, and @figjam2708 too...if they are exiting, i am just...

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Freddieflintoff

3,944 Posts.

671

04/08/22

13:50

Post #: 62922992
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Originally posted by mofo21: ↑

Hi Freddie

Refer to announcement on 21 December 2020:

"Latitude have received firm commitments to undertake a two tranche share placement to raise A$10m. Shaw and Partners Limited has acted as Sole Lead Manager to the capital raising which is expected to settle in February 2021 subject to a general meeting of shareholders."

MEK (formerly LCD) released 500 million shares to instos and sophisticated investors at a price of 0.02. Tranche 1 settled on 12th January 2021. Tranche 2 settled on 11th February 2021.

These FPO shares funded Andy Well purchase for 8 million. No doubt Shaw and Co are liquidating positions with a minimum three cent margin...

Cheers

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thanks, and @figjam2708 too...

if they are exiting, i am just wondering if they think a CR is not far away and dont want to get diluted by that, hence the selling, it could not be this of course

We have so much activity on the go, we have churned through $ so i always thought Q3 would see the need for a CR, interesting if we use Shaw again

MEK Price at posting: 5.0¢ Sentiment: Buy Disclosure: Held
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(20min delay)
Last 5.6¢		Change -0.003(5.08%)		Mkt cap ! $81.26M

Open	High	Low	Value	Volume
5.9¢	5.9¢	5.6¢	$264.9K	4.645M

Buyers (Bids)

No.	Vol.	Price($)
2	29690	5.6¢

Sellers (Offers)

Price($)	Vol.	No.
5.9¢	680371	5

View Market Depth

No.	Vol.	Price($)
2	29690	0.056
4	1072534	0.055
4	1020000	0.054
6	1034507	0.053
4	382925	0.052

Price($)	Vol.	No.
0.059	680371	5
0.060	1186215	6
0.061	192100	1
0.062	37000	1
0.063	415000	2

Last trade - 16.10pm 18/09/2024 (20 minute delay)

MEK (ASX) Chart