Australia's largest stock trading and investment forum Australia's #1 stock forum

Why is it a fantastic deal for them?I'm not arguing anything...

First 156 Last

Share
Profile

Follow
thebarry111

4,717 Posts.

612

24/04/24

11:30

Post #: 73494312
Share

Originally posted by Wths10: ↑

Wow, what a fantastic deal it is for the new guys! Raised a whole $1.35M @ .002
WINNING!
In connection with their appointment as Directors, Macro Metals has received firm commitments
from Mr Rushton, Mr Cranston, Mr Kumova and Mr Jewson (the “Incoming Directors”) (or their
nominees) for $1.22M out of the total placement of A$1.35m (before costs) (“Placement Funds”)
by undertaking a placement of up to 675,000,000 new fully paid ordinary shares in the capital of
the Company at an issue price of $0.002 per new share (“Placement Shares”), together with one
(1) free attaching unlisted option for every two (2) Placement Shares subscribed (i.e. up to
337,500,000 options are proposed to be issued) (“Placement Options”) (together, the Placement
Shares and the Placement Options are the “Placement Securities” and the issue of the Placement
Securities is the “Placement”).

Expand

Why is it a fantastic deal for them?

I'm not arguing anything either way, I'm just pointing out the fact that previous post was factually wrong.

Reality is that the stock traded their for 2 years before running.

Where should they have done the raise?

Maybe you think its worth punting on the upcoming drilling program, maybe you don't.

I personally think the Goldsworthy deposit is worth a look.

Just keep to facts though.

Happy trading
Upvote

Reply

Top Stories

CUF

CuFe sells its Crossroads gold royalty to Northern Star for $4M cash; says better than waiting for mine launch

3DA

To make modern missiles, you need 3D Printing. And in that gold rush, Amaero is selling shovels

IRX

InhaleRX gains approval for clinical trial to test non-opioid therapy for cancer pain

GDM

Banshee's historic trenches prove rich in antimony and gold for GDM

Week 46 Wrap: Copper hits 2mth low as Trump threatens net zero pace; US rally fades; HotCopper’s picks

EEG

NT Gov't delivers environmental approval for Empire Energy's Beetaloo Carpentaria pilot gas play

BTH

Bigtincan's Board backs Investcorp offer: Why a NASDAQ listing could be game-changing

CLE

Cyclone signs MOU with Vale for development of Iron Bear play

BNL

Blue Star Helium sees approval for five more wells at 'Galactica/Pegasus' project in Colorado

HotCopper Highlights: Your most watched stocks for Week 46, 2024

First 156 Last

SPONSORED BY