MDA 0.00% 5.2¢ modena resources limited

Market cap is miniscule because the market has already priced in...

  1. 72 Posts.
    Market cap is miniscule because the market has already priced in significant upcoming dilution due to the upcoming conversion of a $2.5m loan, on top of the $1.2m raised recently for "fee for funding arrangement" (I wonder what that is? anyone know?).

    With the $25m and $10m funding arrangements, plus potential funding from Macquarie Bank for the Shallow Well drilling (probably what the due diligence was for), one hopes that's the last of the dilutions for a while.
 
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