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7.76%

53.5¢ merino & co. limited

Valuation, page-153

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Monster_User

86 Posts.

4

25/02/19

00:44

Post #: 37549694
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Originally posted by littleblackduck: ↑

I imagine Patterson are trying to get the last 311M shares from the rights issue placed firstly. A few weeks ago 51M shares were issued under this basis with about 311M remaining. I believe they had up to 3 months to issue shares on this basis.

Seen a few companies using https://www.freshequities.com/search?category=recently-launched&search= and https://raisebook.com/ in recent times to get equity in the door. They are aimed at s708 investors only (Sophisticated) and basically are run as a online platform as opposed to the brokers working the phone of their clients. Maybe MNC might consider one of these platforms later this year! (I hope it doesn't and finds a monster at Chuscal that it will have everyone begging to give it money and come onto the register)
The promoters of these sites certainly take their cut. I'd have thought it would be less than a traditional broker approach as overheads should be lower!

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Seems like not much left in the kitty. They might be capital raising and consolidating in few months.

DYOR!

MNC Price at posting: 0.3¢ Sentiment: Buy Disclosure: Held
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0 Great analysis

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(20min delay)
Last 53.5¢		Change -0.045(7.76%)		Mkt cap ! n/a

Open	High	Low	Value	Volume
58.5¢	62.0¢	52.0¢	$84.57K	155.7K

Buyers (Bids)

No.	Vol.	Price($)
1	768	52.5¢

Sellers (Offers)

Price($)	Vol.	No.
54.0¢	2000	2

View Market Depth

No.	Vol.	Price($)
34	53235098	0.002
19	90400994	0.001
0	0	0.000
0	0	0.000
0	0	0.000

Price($)	Vol.	No.
0.003	22098160	16
0.004	18093149	12
0.005	11587725	4
0.006	3392001	3
0.007	2980000	4

Last trade - 15.56pm 15/11/2024 (20 minute delay)

MNC (ASX) Chart