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70.0¢ mallee resources limited

Ann: Chairman's Letter to Shareholders, page-33

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13,492 Posts.

162

15/09/21

16:44

Post #: 56090126
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Originally posted by Dr Elephant ↑

Its very hard to know the value now, the only offer on the table is for 2.7c per share, does that mean the open will be 27 cent? don't know.
That's why I said this morning the board will be needing to have an announcement plan for the start of trade.
As guttedsquid said " In theory it should give you 10x the sp. So it should be 70c on reopen - which it won't by the way." (my underline)
Speaking of mining in elephant country, welcome kids, we've arrived.

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After the consolidation, 10/1 , I can't see why it should not open at 27c !!

especially if you thought it would trade at 2.7c without a consolidation !!!

MYL Price at posting: 7.0¢ Sentiment: Buy Disclosure: Held
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