Vendor,
In order to "substantially increasing its asset base, gold production and profitability " a lot of shares need to be offered in compensation. No such thing as a free lunch, and sometimes you end up shouting lunch for the other party.
A very large issue for significant assets could be seen as a form of reverse take-over and thus attract serious ASX review and procedures. Perhaps this is the reason for long negotiation and possible non-relisting before shareholder approval??
Will the existing MLI shareholders be better or worse off inside this "bigger and better company"? Need to see the facts to decide that one of course.
I am not anti-merger as such but nervous that "deal-makers" with a suggestion of spiv history might throw the baby out with the bath water in a rush to get married. I got in for long-haul based on great upside and undervaluation of the tails project and don't want to see that diluted to away for small short term gain.
Like it or not this is a lock-in so might as well have another drink and relax, comforted by a rock solid share price that greets my screen each day.
Good luck all
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Last
1.6¢ |
Change
0.000(0.00%) |
Mkt cap ! $21.17M |
Open | High | Low | Value | Volume |
1.6¢ | 1.6¢ | 1.6¢ | $5.791K | 362.8K |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
8 | 5424950 | 1.5¢ |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
1.6¢ | 1222028 | 2 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
8 | 5424950 | 0.015 |
7 | 2674114 | 0.014 |
6 | 1920000 | 0.013 |
4 | 3670000 | 0.012 |
4 | 6125771 | 0.011 |
Price($) | Vol. | No. |
---|---|---|
0.016 | 1222028 | 2 |
0.017 | 484958 | 1 |
0.018 | 994754 | 3 |
0.019 | 113333 | 2 |
0.020 | 915642 | 5 |
Last trade - 13.57pm 30/08/2024 (20 minute delay) ? |
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