MCO 0.00% 11.0¢ morning star gold n.l.

whatya worried about

  1. nk
    2,917 Posts.
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    bought today at 12.5. NG needs another $1million. about $200,000 to upgrade the shaft and haulage, $200 to $300k for Maxwell development and the rest to top up the kitty. they've got plenty of ore to dig up now, now they do a cost benefit on Maxwell

    my guess they'll do 5million shares at 12.5c to 14c depending on if they throw an option in

    and then a new option series costing punters a cent. I would only offer 1 for 2, thus reducing the issue to 30million.

    that way dilution is reduced, there were to many options on issue anyway, a big overhang. Later down the track they'll get a much better price than 25c

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