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5.1¢ millennium minerals limited

Thanks for that! I am not saying a CR would be devastating. In...

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bangetron

292 Posts.

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29/01/18

15:27

Post #: 30634861
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Originally posted by robbo24 ↑

The depth action right now suggests if any CR or large institutional placement is being done it's at a premium to the current price. The buying wall is the telling feature. In-the-know brokers would otherwise be bailing their clients out to get them in cheaper on the corporate end of town.

Now, the other thing you should consider, is that even if MOY does raise capital at a discount to the price of the day.... It will be the last remaining issue for worry-warts to be concerned about If MOY raised $17m-$25m it would be a 10-15% dilution of the MCAP and give the company a total of $40-$47m cash on hand but it would unlock over 1.3m ounces of sulphide ore to be processed.

I reckon it's time to sit down and do some ROI calculations my friend - I think you'll find some interesting truths!

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Thanks for that!

I am not saying a CR would be devastating. In fact the CR is probably the most efficient way to move forward. All I'm saying is that given the high chance of a CR happening in the near future, I think it'll provide a better entry point than the current SP. That's all.

MOY Price at posting: 22.0¢ Sentiment: None Disclosure: Not Held
2 Upvote

0 Great analysis

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