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Excellent timing for MNQ to get in before new rules, another...

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xanda25

2,062 Posts.

13/05/16

15:18

Post #: 17761137
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Originally posted by L Burrows ↑

Might I add that the timing of the ePAT acquisition was impeccable, as the ASX released an official pdf document yesterday morning, stating that all acquisition announcements for an RTO will have to immediately suspend trading until all subsequent compliances are met.

http://www.asx.com.au/documents/rules/consultation-paper-listing-admission-rule-changes.pdf

Note: page 12 (exerpt below)

View attachment 180107

This is a huge opportunity for MNQ to get the share price up and running prior to relisting post July. This way, we may face significantly less dilution due to a higher raising price for the circa $3 million requirement, as well as some hopeful news on a sale transaction of our Fyre Lake copper asset for additional cash in the bank.

Let's hope management are aware of this and get things cracking.

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Excellent timing for MNQ to get in before new rules, another shell announced a deal today and immediately in suspension till september/october.

MNQ Price at posting: 2.5¢ Sentiment: Buy Disclosure: Held
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