It is now obvious why the sp has been suppressed. And the b______s are getting 87.5 m shares at 20 c.
The management must be too close to Locantro (Argonaut).
How can a capital raising at 20c be completed when the valuation of MMI is around 32 - 40 c?
Why would management capital raise now at the lowest point in the sp cycle in 12 months and provide a glowing project update at the same time?
It would appear as though the ordinary shareholder has been duped again with a glaring sweetheart deal.
Maybe this is the real reason why the previous CFO resigned.
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Last
4.6¢ |
Change
-0.001(2.13%) |
Mkt cap ! $273.2M |
Open | High | Low | Value | Volume |
4.6¢ | 4.9¢ | 4.4¢ | $1.510M | 33.16M |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
2 | 279983 | 4.6¢ |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
4.7¢ | 899768 | 2 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
1 | 179983 | 0.046 |
2 | 1062222 | 0.045 |
6 | 2145772 | 0.044 |
7 | 1483390 | 0.043 |
3 | 190000 | 0.042 |
Price($) | Vol. | No. |
---|---|---|
0.047 | 899768 | 2 |
0.048 | 898633 | 4 |
0.049 | 2737500 | 5 |
0.050 | 1947416 | 5 |
0.051 | 1088422 | 5 |
Last trade - 16.10pm 26/07/2024 (20 minute delay) ? |
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MMI (ASX) Chart |