Post by
nozzpack on Aug 29, 2024 11:07am
It would be nice but not unexpected if..
,.the share price hit the option price of 6 cents or higher ,as the rights issue closes on Sept 6 or shortly thereafter before consolidation.
Trade station data shows that there is very little on the Ask and why would there be.
This week we are now seeing fewer and fewer shares avaikable at 4 cents.
Soon, it will be 4.5 cents and then 5 cents.
Great unlocked value here with the facilitues to unlock that value.
Why would anyone sell..
Comment by
shiftyone on Aug 29, 2024 3:42pm
Don't forget about the approximately 50 million warrants that Dundee will receive priced at .05 cents for contributing in this high priced financing at 0.034 cents. That could be another $2.5 million. lol. This rights offering was an insult to any current shareholders.
Comment by
shiftyone on Aug 29, 2024 4:40pm
Ps. This financing that was arranged at a price of 0.034 cents (just a little more than half the stock price 2 months ago). MAE will have to pay probably about $500 000 in finders fees to get someone to raise money at that price. And total share dilution for that will be about 300 million shares when you factor in the warrants. Nice job.
Comment by
nozzpack on Aug 30, 2024 5:43am
But, you have the same right to buy more shares at 3.4 cents hence offsetting dilution . Its a tough market for Junior financing out there or did you know that. We have great assets that are now in the early stages of exponential monetization which will be unleashed by this financing and its associated derivatives. So, just dump your shares if you have doubts about the future price trajectory..