MNS 0.00% 4.2¢ magnis energy technologies ltd

@trousergecko in my experience, a cornerstone usually comes in...

ANNOUNCEMENT SPONSORED BY PLUS500
ANNOUNCEMENT SPONSORED BY PLUS500
CFD TRADING PLATFORM
CFD Service. Your Capital is at risk
CFD TRADING PLATFORM CFD Service. Your Capital is at risk
ANNOUNCEMENT SPONSORED BY PLUS500
CFD TRADING PLATFORM CFD Service. Your Capital is at risk
  1. 1,124 Posts.
    lightbulb Created with Sketch. 458
    @trousergecko in my experience, a cornerstone usually comes in at a 20% premium.

    Thursdays announcement states that an investment decision by either a cornerstone or strategic investors is expected within the next 2 weeks.

    A 20% premium on yesterday's closing SP is a rounded price of 44c.

    It's a hypothetical, but announcement of a raise at 44c would immediately tell the market that this is currently what the company is worth and in my experience, the SP quickly moves to this price level.

    I wish you the best of luck in your investments, but I think Thursdays announcement highlights that there are some very immediate short term gains to come
    Last edited by Riskon22: 18/08/18
 
watchlist Created with Sketch. Add MNS (ASX) to my watchlist
arrow-down-2 Created with Sketch. arrow-down-2 Created with Sketch.