Look out for a possible share placement of somewhere between 15 and 20 cents to a large American investor. The following is a re-post of mine.
I don't think that its out of the question that MR is currently negotiating a share placement for a fairly large amount (millions of $s) to replace the Spring Tree Funding. The organisation that they are talking to will of course want to get the share placement at the lowest possible price and MAY be working the market to get the price down before the arrangement is finalised.
A SP movement down to somewhere between 15-20 cents should not be ruled out, but should not be seen as a disaster as it would only be a temporary situation.
I am a strong believer in the PRR story but as already has happened we could continue to experience further severe bumps on the journey to success.
Purely speculation on my part, but a posssibility.
possible share placement
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42.0¢ |
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Mkt cap ! $598.3M | |||
| Open | High | Low | Value | Volume |
| 39.5¢ | 42.0¢ | 39.5¢ | $890.1K | 2.163M |
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| No. | Vol. | Price($) |
|---|---|---|
| 3 | 127863 | 41.5¢ |
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| Price($) | Vol. | No. |
|---|---|---|
| 42.5¢ | 30850 | 2 |
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