Australia's largest stock trading and investment forum Australia's #1 stock forum

MYL

Click for more information

0.00%

70.0¢ mallee resources limited

Mate, you are simply making things up that are completely...

First 335 Last

Share
Profile

Follow
damosid88

595 Posts.

721

31/01/23

20:20

Post #: 65988698
Share

Originally posted by ConnerEx: ↑

I don't want to get into a debate but I believe the team did everything possible to relist. Brokers have long memories and would have lost millions of mum and dad money with previous Avebury raisings. Hence our need to source finance in the USA where perhaps the history was not as well known. The financial markets started to freeze about the time we sought funds and a quick look at the mine's history wasn't encouraging, especially at 70 cents. ASIC regulators are not silly and would have been dragged over the coals with other Avebury failings. JL's knowledge of Avebury got the MYL offer across the line with the Administrators. I believe the arsenic issue is also in play and just adds to aisc, the extent of which has never been tabled to my knowledge. Hartree had to throw good money after bad and I think they have had just enough. I think Hartree from here will have to rethink their hard line and propose long term deferral of debt repayment at a nominal rate. They need equity players and the latter will have the whip hand now.

Expand

Mate, you are simply making things up that are completely incorrect.

MYL Price at posting: 70.0¢ Sentiment: Hold Disclosure: Held
6 Upvote

2 Great analysis

Reply

There are more pages in this discussion • 33 more messages in this thread...

First 335 Last

Add MYL (ASX) to my watchlist