Cleared all issues with Mollacas
Written the darn thing off from the accounts
Abandoned any further legal actions from the looks of it
Impairment charge hit
GREAT NEWS
Must have been the biggest road blocker for a Private Equity Fund or Any other Party wanting to gobble up Metminco for a cool A$100m I reckon.
Hence in the UK Market Makers smacked this down 17% only to realise we knew their game, yes dilution is likely from the options by they are priced in dear MMs... almost 20%, so if a deal is on it may well be even higher to conclude as cash in the bank is hitting nil points. Their 3 options did not suggest further placements but wanting peeps to convert their options or JV or cash generator acquisition.
More bullish now.
MNC Takeover Chance Higher?
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Last
0.9¢ |
Change
0.000(0.00%) |
Mkt cap ! $8.683M | |||
| Open | High | Low | Value | Volume |
| 0.9¢ | 0.9¢ | 0.9¢ | $16.74K | 1.860M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 5 | 1682971 | 0.8¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 0.9¢ | 356022 | 2 |
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| Last trade - 16.10pm 03/09/2024 (20 minute delay) ? |
| LCL (ASX) Chart |