MBK - Metal Bank
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Wow, the buyers line-up against the sellers - hadn't noticed that. Hope it bodes something of substance.
600k shares, that's a bigger punt than me (500k) ?
600k shares, that's a bigger punt than me (500k) ?
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Tony Locantro likes them enough to be in his Top 15 list for 2021. He mentions them at the 5:25 mark of this 16/12/2020 Proactive Investor video.
As a long suffering holder, I'd thought I was buying a ticket to a rollercoaster and instead went on a slippery slide.
Recent activity is piquing interest as buyers accumulate ahead of expected results. A hint for higher Highs and Lows on increasing volume?
As a long suffering holder, I'd thought I was buying a ticket to a rollercoaster and instead went on a slippery slide.
Recent activity is piquing interest as buyers accumulate ahead of expected results. A hint for higher Highs and Lows on increasing volume?
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So it had a retrace after all the excitement...ha!
Doesn't surprise me, fidgety fingers will always be around.
However, there's something to be liked about a stock that keeps chipping away at the SP in a more sustained manner...dodging attention as it were.
Still holding on. No rush here.
Nothing to see, move along.
Doesn't surprise me, fidgety fingers will always be around.
However, there's something to be liked about a stock that keeps chipping away at the SP in a more sustained manner...dodging attention as it were.
Still holding on. No rush here.
Nothing to see, move along.
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Ruh roh, crater time for MBK, they waited for the Qtrly
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@charlsie I don't really get your question. No problem in getting grant money from the QLD government to drill two free holes. It's obligation free grant money so the QLD Govt doesn't have a finger in the pie.
My offhand comment was just that I, and I presumed others, felt disappointment at the entirely undramatic results. They've confirmed the 'hydrothermal system' but there is no mention of any mineralisation. There's nothing encouraging at all in what they've said that I can gather and I've waited two months for this result. Nonetheless I didn't sell anything, but I am very surprised that so many others haven't as well (so far). The "crater time" comment was just a silly way of saying that I expected a steep drop in the share price in reaction to the announcement.
My offhand comment was just that I, and I presumed others, felt disappointment at the entirely undramatic results. They've confirmed the 'hydrothermal system' but there is no mention of any mineralisation. There's nothing encouraging at all in what they've said that I can gather and I've waited two months for this result. Nonetheless I didn't sell anything, but I am very surprised that so many others haven't as well (so far). The "crater time" comment was just a silly way of saying that I expected a steep drop in the share price in reaction to the announcement.
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Ta dah!
Big volume, SP rising...hmmm.
Sometimes there's no rhyme or
reason. Or is there?
Hope it keeps going...
Big volume, SP rising...hmmm.
Sometimes there's no rhyme or
reason. Or is there?
Hope it keeps going...
frugal, I'm with you.. I hope it keeps going too.
I'd be interested to see where the money came from and one possible reason is that Tony Locantro named it as one of the stocks he's watching this year. HMX was another that he named and that jumped a couple weeks ago (with news of copper/gold find).
I hold
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@charisie
Doesn't it need to be at least 1c to be eligible? Maybe tomorrow
Doesn't it need to be at least 1c to be eligible? Maybe tomorrow
could someone explain to me why i have a new listing in my comsec account of MBKR? It says Rights-application close 01-12-2021
I'd like in laymans terms what is happening please, as i didn't purchase them and i'm sure they've been granted, but i've never had this happen before
I'd like in laymans terms what is happening please, as i didn't purchase them and i'm sure they've been granted, but i've never had this happen before
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There's a rights issue going on and I think they're 'renounceable' which means that you can sell them on market. At least that's what I vaguely recall reading. I haven't taken any interest in MBK lately although I still hold all my shares. I'll do a proper post on it some time when I get around to it. Meanwhile there's nothing to be concerned about, you'll have plenty of time to decide whether you want to subscribe for the shares equal to your rights or sell them or do nothing.
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So this is my current trading window on commsec for MBK Rights (MBKR)
There's a large bid @ .001, so presumably I or you could sell our rights at market for that. Just like selling any share.
I haven't sold renounceable rights before but I went through a dummy run on Commsec. Go to Portfolio > Holdings > MBKR item line > Trade, tap Sell, it shows the number of MBKR units available (355,556 in my case) > manually enter this number > tap limit order > enter your price (0.001 if you want to meet the bidders offer, an 'at market' order will just put you down in the queue) and it shows $355.56 as my order value > tap Proceed if I want to actually sell.
There's a large bid @ .001, so presumably I or you could sell our rights at market for that. Just like selling any share.
I haven't sold renounceable rights before but I went through a dummy run on Commsec. Go to Portfolio > Holdings > MBKR item line > Trade, tap Sell, it shows the number of MBKR units available (355,556 in my case) > manually enter this number > tap limit order > enter your price (0.001 if you want to meet the bidders offer, an 'at market' order will just put you down in the queue) and it shows $355.56 as my order value > tap Proceed if I want to actually sell.
ok, so my understanding is that i can sell the rights to buy the shares without owning the actual share..would this be correct?
And if i do nothing, the offer will lapse. Or i could download the personal prospectus and pay for the shares
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The personalised entitlement form will by sent to you by post or email. You cant download it to my knowledge. The non personalised prospectus and form is in the asx announcements.
Yes that's my understanding. If a holding for MBK Rights (code: MBKR) is showing up in your portfolio holdings on your broker site you can sell these rights on market. I notice a few have sold @ .002 today but for an immediate sale you would have to meet the highest bidder offer with a 'limit' sell order @ .001.
What you would be selling is not shares, what you would be selling is your rights to acquire a number of shares through the rights offer. Whoever buys your rights intends to exercise those rights by subscribing for shares equal to your number of rights @ .008 in the offer. You would be transferring your rights on market for .001 per right.
You could join the queue by putting a sell order in "at market' or a imit order of say .002. and wait to see if someone bites over the next few weeks. But to get an immediate and certain sale you would have to meet the current offer @ .001.
Alternatively you could take up your rights, pay by Bpay, @ .008 per share when you receive the personalised entitlement offer and your rights would convert to shares in your holding.
Or you could do nothing and let your rights lapse.
Have you read the rights prospectus announcement?
