They had $2.8m cash as at 31st Dec 2006 so there is no doubt in my mind they will be rattling the tin.
I mean....the share price has jumped 33% (conservative) from 3c to 4c in recent times, and during May there were something like 24 mining spec alon that did placements or SPPs to raise a collective $200m in addition to 34 new IPOs that came to market in April/May so there is plenty of cash around.
Why wouldn't MHL do a "me too" placement while they have the chance?
MHL Price at posting:
0.0¢ Sentiment: Buy Disclosure: Not Held
