Perhaps brokers will try get this to 0.6c so they can place easily at 0.5c?
I would think they have clear objectives. They wouldnt want it to run too hard or shareholders might vote it down.
You would think if you can get some at 0.4c, then you are an excellent chance of offloading very short term at 0.6c. Thats 50% profit. Could happen in the lead up to placing or could get pumped for the placement shares to exit at profit. Lots of chances for a pump IMO, and ofcourse a long term re-rating too.
But still risk that the deal falls through.
MHL Price at posting:
0.5¢ Sentiment: Hold Disclosure: Held