l300, yes we are a $400m company, the fact that we are trading at 20c is simple a mathematical result of having 2b shares held by shareholders.
If we had only 1 share, that share would be worth $400,000,000 and if we had 5b shares they'd be worth 8c
We have a world quality asset in a very uncertain and unstable economic environment, more shares will be issued and more shares will be traded.
When Rick Rule bought in he believed there was a 40% chance that this could 10x, if it does and no more shares are issued then we have $4b company, 2b shares and a share price of $2
Can that happen - Well that's why I'm here
Ann: Melbourne Mining Club Investor Presentation, page-27
-
- There are more pages in this discussion • 6 more messages in this thread...
You’re viewing a single post only. To view the entire thread just sign in or Join Now (FREE)
Add MEI (ASX) to my watchlist
 (20min delay)
|
|||||
|
Last
15.5¢ |
Change
0.000(0.00%) |
Mkt cap ! $308.4M | |||
| Open | High | Low | Value | Volume |
| 15.5¢ | 16.0¢ | 15.0¢ | $718.6K | 4.638M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 36 | 1333518 | 15.0¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 15.5¢ | 107024 | 1 |
View Market Depth
| Last trade - 16.10pm 28/06/2024 (20 minute delay) ? |
| MEI (ASX) Chart |