MGO must be close to finalising the capital raising. Today seems as good a day as any to announce to the market. An earlier poster indicated they thought mid week.
Someone else suggested maybe the slight delay can be attributed with problems offloading the shares in the capital raising. I don't think this is probable. I am sure they went down the path they did because they had the institutional buyers ready to go. If finding buyers was an issue they would have opened it up to retail investors as well.
I think the next three months will be exciting. Results of cr this week, resource upgrade during the following fortnight, DFS in the following 3 months. 40 cents by August 1st is where my money is. Any takers?
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