MNE 5.26% 3.6¢ metallum limited

does not make sence, page-15

  1. 5,418 Posts.
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    Leonidis... they did find an investor..via the issue. Your idea of a company actively intervening in the market to alter the share price with zero benefit for the companys time and effort is ludicrous. Stop embarrassing yourself with tantrums. Their responsibility is to fund the project, not your long and wrong position.

    For the adults here...discounters are selling and Euroz still accumulates. There is also no discount going on here until the company's grade hypothesis supports the cash flow theory and that wont be proven until we have a whole year of "production".

    A 10 mill mkt cap is more than fair. In fact it comes with enormous risk still. What happens when the first trial falls waaaaay short of 35% grade? That's a strong likelyhood. Even if they were deep into production, the market rarely offers more than 2 to 3 times earnings for a scrappy project like this. The ideas here are so painfully disconnected from reality its little wonder 90% of people lose on specs.

    You are free carried by now or costed at one cent or you risk 50%. That's the truth of it.
 
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