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Mining Group Granted Extra Time By The ASX To Finalise Capital Raising

Mining Group (ASX: MNE) is currently organising some capital raising details to be announced to the market, with the ASX today granting the company a voluntary suspension.

Of interest Mining Group received a buy recommendation from the UK brokers Fox Davies earlier in the month with a $0.40 target price - which is close to double the last traded price of $0.22 before the trading halt and voluntary suspension was granted.

The key focus of Mining Group is the Comval project in southern Mindanao. This lease sits on the main Philippines Fault, a geological structure that hosts many world class copper and gold orebodies.

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