i doubt the cap raising will go ahead now will it??
anyway i dont get this at all... share price get decimated when they announce the deal and it gets decimated again when the deal gets called off by "mutual consent"
would have thought the share price would have gone back up...
lets face it... mrd still has the best part of $2 million bucks so plenty of time and money to look for another project in a country which is considered a "safer sovereign risk " area..
the promethius project looked really good but clearly noone was convinced with southern phillipines.... so i am actually quite happy if i am honest
btw good luck prometheus trying to raise capital yourself on the asx... i am sure there wont be many putting their hand up for this
MRD Price at posting:
0.4¢ Sentiment: Buy Disclosure: Held