Because they're locking in funding at 25c in November which is significantly higher! They're going to be raking in heaps of cash from MTMO now, assuming they get to 25c+. I just can't see why the vendors, advisers and now sophs would take oppies at 25c if they didn't believe the SP will be well in excess of 25c by expiry. There has been some serious long-term strategy going on behind the scenes and i'm excited to see how it unfolds.
Universal matters valuation over $500m - same team, similar tech but for graphene, page-10
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Last
2.6¢ |
Change
-0.001(3.70%) |
Mkt cap ! $7.308M | |||
| Open | High | Low | Value | Volume |
| 2.6¢ | 2.8¢ | 2.6¢ | $2.201K | 82.06K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 200000 | 2.7¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 2.8¢ | 150000 | 1 |
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| Last trade - 13.46pm 02/08/2024 (20 minute delay) ? |
| MTM (ASX) Chart |