MRV moreton resources ltd

Potential for Moreton Resources Silver Project, page-5

  1. 2,755 Posts.
    lightbulb Created with Sketch. 27
    I don't necessarily think a decision against them will be the end of MRV, but best case scenario we'd probably see existing shareholders diluted (possibly substantially if full $8m is still deemed owing).

    I could easily see the share price halving with a decision against them or doubling if in their favour in very short order. If it did drop to .002 (circa $4m market cap) and MRV managed to raise $8m for the tax bill, then existing shareholders could end up only owning 1/3 of previously held company %.

    It's promising to see MRV is planning for BAU and pivoting toward their silver project, with directors who are prepared to tip in $ at the current share price.
 
Add to My Watchlist
What is My Watchlist?
A personalised tool to help users track selected stocks. Delivering real-time notifications on price updates, announcements, and performance stats on each to help make informed investment decisions.

Currently unlisted public company.

arrow-down-2 Created with Sketch. arrow-down-2 Created with Sketch.