re: Ann: Commitment Received for Placement of... I agree that the last deal didn't value the magnetite component, but the share price still spiked at 20c.
Appreciate that there are more shares on the register now.
In hindsight, (and IMO ) the issue with the Sumitomo deal was that it left too little ownership of the DSO component in the hands of MDX.
Knowing the costs of building a magnetite project, I'd either like to see MDX hold onto a greater % of the DSO or the cap on spending to be higher than the originally described $100m.
Not far away now I suppose.
Ann: Commitment Received for Placement of Shares , page-6
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