Agreed, pretty poorly written article that leaves out critical details. Currently royalty at 1% until Mar 25 but will jump to 2.2% in perpetuity if they don't exercise call/put options (~USD12.75M price). Good news is the royalties paid to date are deducted from exercise price of options upon time exercising i.e. USD12.75M - royalties paid up to Mar 25.
MMI General Discussion, page-13
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Last
3.9¢ |
Change
-0.001(2.50%) |
Mkt cap ! $231.6M | |||
| Open | High | Low | Value | Volume |
| 4.0¢ | 4.2¢ | 3.9¢ | $283.3K | 7.050M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 7 | 1434667 | 3.9¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 4.0¢ | 300000 | 1 |
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| Last trade - 16.10pm 23/08/2024 (20 minute delay) ? |
| MMI (ASX) Chart |