Still have 10 days to trade MSRO. Out of the 60m, only 2.8m on sale. Looks like most will be converted. I wonder if they will be underwritten by Macquarie.
There would be $12m option money coming in.
By end of Sept, there should be $6.2m cash (based on last quarterly) plus $12m oppies money, a total of $18m. The outstanding shares will be 237m.
After Sept, using Current MC of $40m (22.5c) + $12m = $60m
60m (fully diluted) / 237m
= 25.3c SP (against 22.5c today's SP)
With upgrade resource this month, mining licensing to come, upgrade of IRR using a higher POG (previously $1000/oz was used) The SP MSR should have plenty of mileage on it.
DYOR
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Still have 10 days to trade MSRO. Out of the 60m, only 2.8m on...
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Mkt cap ! $183.8M |
Open | High | Low | Value | Volume |
25.0¢ | 25.5¢ | 24.5¢ | $193.7K | 772.4K |
Buyers (Bids)
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---|---|---|
1 | 170792 | 24.5¢ |
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Price($) | Vol. | No. |
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2 | 94354 | 0.240 |
1 | 101000 | 0.235 |
3 | 130753 | 0.230 |
2 | 67222 | 0.225 |
Price($) | Vol. | No. |
---|---|---|
0.250 | 172470 | 4 |
0.255 | 17000 | 1 |
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