for my two cents, i think it's a double edged sword, if it all goes well, then MTR has a 12.5% holding, having not had to pay for much of the capital raising to fund the mine, a win for both sides, but if something delays the increase in the number of shares that allows them to exercise the options while not exceeding 12.5% cap, then they become a printing press selling shares to make room to exercise the options before the 3 year option expiry wipes out their value. so lets hope the project moves along the expected time lines.
MOD Price at posting:
47.5¢ Sentiment: Hold Disclosure: Held
