MNE 5.26% 3.6¢ metallum limited

notice received, page-31

  1. 461 Posts.
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    BM, looks like the first day exit strategy has begun at bargain price. As you said MC approx 3 mil, i am not sure how much cash exactly they have now with the drillings done and fixed overheads, but assume what you said...plus existing value of maiden resource. Total is way more than the MC.

    Looks like panic selling happening today. Hopefully when dust settles the next few weeks, people will look rationally at the numbers and the SP...
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    Do your own research
 
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