Comes down to the register as well
As long as all big holders gobble them up then we should easily see over 10cents
Personally the fact it is being done now is a bit of a tough call if its a plus or not but will happily buy a few..cant see it being less than 6cents l know l posted somewhere that 8cents made sense but unfortunately market took a beating with british crap
Importantly we will be cashed up ..hopefully good sentiment for gold stocks continue in the smallcap space
Suppose we got to wait and see..dilution is my enemy however register is still small..so let say 2.4mill at 6cents an extra 40mill shares?anything more is crazy imo...if its a small placement then its mates rates
Either way will see how it unfolds if l dont like it l will look at mgv as a trade stock not investment
Still let say register 160mill shares current price circa 12mill 5mill cash seems a great buy
All my thoughts and l am high as a kite on floor paint so if my figures dont add up l have an excuse
Luck to all
MGV Price at posting:
7.2¢ Sentiment: Buy Disclosure: Held