70 million shares were just sold by two large shareholders.Add in the rights that they did not exercise. 70 million plus rights which were good for 40% of the 70 million. 70 million *1.4 is just about 100 millon.
So 2 large institutional investors, or companies that were invested in MAE sold their shares for .034 cents.
So hopefully they were desperate for money and had to sell at whatever they could get. Firefly I don't think was that desperate for 1.6 million.
The company is now controlled by Dundee, who of course wants to make money..
To me it is worth keeping in mind that two large shareholders just sold at .034. Despite all the sweet dreams we have.
And no news. You think they could have announced a drilling plan by now. That they have a rig booked. And a starting date. Perhaps given us more information on what they mean and the costs and timelines for upgrading the mill.
This is worse than watching grass grow. But sometimes the grass goes brown, then the rain, sun, and warm evenings come and the grass grows too fast. Then the weeds come lol.