MYL 0.00% 7.0¢ myanmar metals limited

I agree, 100 million share raise at 6.5c or 7c i imagine at this...

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  1. 2,518 Posts.
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    I agree, 100 million share raise at 6.5c or 7c i imagine at this point. As I understand it they need to pay a fee to extend the option as well as working capital. They will need USD$20 mill to exercise the option. No way they would attempt that now. Remember they need government approval before the can exercise the option so will need approval before they attempt the big capital raise. Plus that would be highly dilutionary a raise of that size, so management and existing shareholders will want to see a lot higher share price before they do it. I think it will all be positive.
    Last edited by whatsnext: 13/11/17
 
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