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0.00% 0.1¢ mount ridley mines limited

Undervalued SP, page-18

  1. startrek
    394 Posts.
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    14/02/18
    18:31
    Post #: 31057798
    It may well happen.
    CR of $2m is needed pretty quickly to meet acqn cost so they would want it at a higher sp. Another $4m of expenditure commitments have to be met which has to be funded...more CR on the cards. If the sp is going south they may look at sh cap consolidation...which would suit funders but not necessarily existing shareholders.
    All in all interesting times ahead.
    MRD Price at posting: 0.8¢ Sentiment: None Disclosure: Not Held
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    lightbulb Created with Sketch.  Great analysis
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