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21.5¢ metalstech limited

Its what the language in MTC own announcements says.

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readyaimfire

11,031 Posts.

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16/05/24

23:44

Post #: 73867980
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Originally posted by mkabk ↑

Based on previous annual report there are about 2000 shareholders - a quarter of which have less than marketable quantity of shares. Most of these small shareholders probably don't have the capacity or interest to subscribe for $30,000 worth of shares. Many shareholders won't receive, open or understand what to do. Many won't subscribe for their full entitlement because they don't have the cash available or have enough invested for their risk appetite in the company relative to the balance of their portfolio invested. I didn't take up my full entitlement for instance.

The top 20 own 78% of the company. I wouldn't assume all of them can participate (not all will be registered in Australia or NZ) or will subscribe for their entitlement or they may have single ownership across multiple accounts (multiple account owners are still capped at one lot of $30,000 even if they receive multiple offer letters). So let's say half of the top 20 shareholders take up their full entitlement that's only $300,000.

Any language saying $13 million to be raised me seems highly unrealistic.

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Its what the language in MTC own announcements says.

MTC Price at posting: 25.0¢ Sentiment: None Disclosure: Not Held
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(20min delay)
Last 21.5¢		Change -0.005(2.27%)		Mkt cap ! $40.62M

Open	High	Low	Value	Volume
22.5¢	22.5¢	21.0¢	$19.78K	91.43K

Buyers (Bids)

No.	Vol.	Price($)
1	8300	21.5¢

Sellers (Offers)

Price($)	Vol.	No.
22.5¢	86462	3

View Market Depth

No.	Vol.	Price($)
1	8300	0.215
8	124085	0.210
3	58238	0.205
5	188133	0.200
1	68000	0.195

Price($)	Vol.	No.
0.225	86462	3
0.230	192324	3
0.235	7943	1
0.240	116166	2
0.245	2040	1

Last trade - 12.41pm 06/06/2024 (20 minute delay)


Last 21.0¢			Change -0.005 ( 2.33 %)
Open	High		Low	Volume
21.0¢	22.5¢		21.0¢	191533
Last updated 14.12pm 06/06/2024 ?

MTC (ASX) Chart