"The process has not been without its challenges and has taken longer than we expected but we hope existing shareholders will be delighted with the outcome in terms of the equity dilution avoided”, said Greeve."
John and the board of MYG please accept my apologies. I'm man enough to admit I was wrong in some of the comments that I made in the heat of the moment when performance rights and talk of shareholder dilution via equity raisings was discussed.
Full credit to yourself and the board for minimising shareholder dilution and negotiating what looks to be an extremely attractive finance package for shareholders.
As I have always stated I am a long term believer in the future of MYG. And today's announcement is another reason why I will continue to be so.
Note to self...I should learn to refrain from making such comments after perhaps drinking more than I should..
MYG Price at posting:
9.8¢ Sentiment: LT Buy Disclosure: Held
A personalised tool to help users track selected stocks. Delivering real-time notifications on price updates, announcements, and performance stats on each to help make informed investment decisions.
(20min delay)