while i was a holder when the share price was much higher around the $6 mark i sold out before it all went pear shaped.
i was tossing and turning about buying back in at 70c but i've picked them up at around 1.40,
while it seems the most likely capital raising is through a placement why oh why didn't they know they need more funds and do this at 6 or 7 $ but moving forward we can only deal with what we have in front of us.
the question is what is better for us average holders in this instance...
1. a share placement increasing dilution 2. a private fianacing via other sources
so moving forward whats everyone's preference ?
in any event i still think mbn at these levels is a strong long term buy.
MBN Price at posting:
$1.49 Sentiment: Hold Disclosure: Held