Well, I see we all received another stay of execution.
I had not subscribed for my entitlement yet either, as I am under the impression the share price is being propped to get the offer over the line.
The extension seems to confirm the lack of demand.
If I thought that this market price of MOF would be maintained I would subscribe, but I expect it to tank after the issue closes.
For one it will be a great short after that date, and I am sure many are salivating about loading up on shorts prior to the shares being listed.
Then there is MQG - related companies dumping all the way up to the SPP announcement, and now we are supposed to believe they want to throw another chunk of cash in?
Canvassing for views here...
MOF Price at posting:
26.0¢ Sentiment: None Disclosure: Not Held