interesting watching volumes change, even with no ability to trade.
should be a pretty clean run to 20c+ and beyond, if we get multiple announcements.
however, without additional news, it appears we are talking a placement here (rights issue not possible at these levels without maximum dilution), unfavourable on all accounts.
with an announcement of purley a placement, this would surely give the market plenty of confidence for MAE going forward - i.e. willing funders for one reason or another.
flow rates cannot be too far away either - though, i think that these will come separate to the above, and before Sept Quarterly - may even form part of activities report.
needless to stay, i think that we are commencing the beginning of the end...
MAE Price at posting:
18.0¢ Sentiment: Buy Disclosure: Held