MRD 0.00% 0.1¢ mount ridley mines limited

Ann: Underwriting & Prometheus Acquisition Update, page-3

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  1. 1,800 Posts.
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    There is going to be a lot of paper out there: 3.3b shares and 2.1b options or 5.4b shares fully diluted. To get to 1.25c SP (at which time the oppies will be "in the money") will require a market cap of around $42m. This is almost a 5 fold increase in market cap required over the next 15 months!! That is a helluva challenge to deliver to from Fraser Range activity and from the Prometheus 'acquisition'.

    Game On for this little speccy!!

    All IMO and DYOR.
 
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