i wouldn't be suprised to see the Capital Raising be undertaken as a placement to IPO if the testing of Fury as producer is / has been succesful....
IMHO Sage will look to position himself to wrap up Monitor at this price level with IPO finally listed over the past month and holding a current MC of $280M; strong interests in neighbouring Kazahkastan shared directorship with Mark Gwynne (MHL) and a smooth entry into a producing Australian asset and landhold in the Cooper Basin.....
not saying it will come as a result of this cap raising but the groundwork will more than likely be made...
worth listening to this from late last year - Link
MHL Price at posting:
0.4¢ Sentiment: None Disclosure: Not Held
