RE: TAKEOVER19 Jun 2021 17:20
This all sounds great but what are people’s thoughts about a placing in the short term? During the webinar they mentioned they had less cash burn and funding until the end of Q4 however they are not going to leave it until the end of Q3 to raise funds and it’s unlikely they will have a saleable product for some time yet.
I hate placings, they only serve ii’s and PI’s always end up getting diluted. There was a holdings RNS yesterday which suggested the dumping of stock in preparation for a placing purchase at a more favourable SP. I hope this is not the premise on the run up to this months AGM.
If a placing can be ruled out in the short term this will fly. This is dream news for a company such as MT.
GLA