E25 5.00% 21.0¢ element 25 limited

selling, page-17

  1. 18,938 Posts.
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    drillfix,

    Exactly one year ago MZM had :
    a price of 22c, a cap of 7 and $4 in the bank.

    Today (subsequent to a capital raising and prior to the new issue announced today):
    a price of 20c, a cap of 7 and probably < $1 in the bank.

    For junior companies capital raisings need to be into higher market caps and prices, or they are on a very slippery slope.

 
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