T Lacantro to my knowledge is no longer involved with Argonaut.
My analysis of why the share price has taken such a beating...
- MMI initiate discussions with Argonaut to raise capital, without a trading halt.
- Argonaut has client funds (or Argonaut funds) invested in MMI.
- Seeing as Argonaut know know that they will be guaranteed millions of shares at 20c, Argonaut proceeds to sell x amount of shares prior to the CR being finalised, all while the stock is still not in a trading halt, hence blowing away previous resistance levels
- MMI then initiates a trading half after all of the CR details have been finalised and arranged.
- MMI announce the CR details within an hour after initiating a trading halt
- The stock will proceed to fall back to 20c regardless and MMI is just another company raises capital at a discount... only for the share price to fall to the CR price anyway
T Lacantro to my knowledge is no longer involved with Argonaut....
Add MMI (ASX) to my watchlist
 (20min delay)
|
|||||
|
Last
4.6¢ |
Change
-0.001(2.13%) |
Mkt cap ! $273.2M | |||
| Open | High | Low | Value | Volume |
| 4.7¢ | 4.8¢ | 4.6¢ | $523.0K | 11.19M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 3 | 3608693 | 4.6¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 4.7¢ | 2280181 | 1 |
View Market Depth
| Last trade - 16.10pm 27/06/2024 (20 minute delay) ? |
| MMI (ASX) Chart |