The conversion of the 2.5M 35c DNK oppies is coming up which of course they will exercise seeing as current price is above 70c...so following that they will have $7M value in just DNK shares (then need to add all the other ASX ones they own)
They have enough money to convert already in the bank but my guess is they will use any funds garnered from selling off some of the non core assets (read anything but Butcherbird Mango) to pay for it
Rattling the tin very very unlikely
Chance of DNK being $1 by then much more likely
They have never included the DNK oppie “in the money” amount to their company spreadsheet calculations in the past so this will see a tangible increase to value of holdings once the converted value is added
DNK should continue to do well ...
MZM has only 8M$ Enterprise Value!, page-2
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25.0¢ |
Change
0.040(19.1%) |
Mkt cap ! $54.97M | |||
| Open | High | Low | Value | Volume |
| 21.5¢ | 26.0¢ | 21.5¢ | $22.23K | 90.37K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 35000 | 23.5¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 26.5¢ | 20000 | 1 |
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| Last trade - 16.10pm 19/07/2024 (20 minute delay) ? |
| E25 (ASX) Chart |