MLM

6.25%

3.4¢ metallica minerals limited

Ann: Trading Halt, page-76

First 76 Last

Share
Profile

Follow
springinhetveld

1,473 Posts.

212

05/09/17

16:06

Post #: 27011238
Share

Originally posted by timmy t ↑

Just spoke to simon. I expressed concerns with selling of the sconi assets. He has confirmed the deal as advertised.

He did explain that sconi is costing MLM a anual cost of $300,000 payable to queensland government. That payment is unstainable in the long term.

The capex for developing the last 25% would be a expensive price for shareholders to pay and shareholders would face massive dilution to the register to develop MLM 25%.

I did express concerns with issueing AUZ shares to MLM because of the fact AUZ will consolidation of there register then cap raise leaving MLM with worthless share holding in AUZ. So for the holders of AUZ who read mlm threads the above spells it out for u.

On a better note no objections have been filed for the bauxite project and its in the hands of the mining minister.

I asked about using the cash raised from auz sale to expand the land holding around area A on the bauxite project and the answer was no. But as far as i can gather MLM are in talks to secure other land holdings.

I asked about shipping bauxite and are we reliant on RIO ships to be loaded the answer was no we will be relient on our own ships.

Far as the wet weather is concerned if the roads arnt to wet wel be mining. The only concern was shipping wet payloads because china doesnt pay for water.

My personal take.....was good talking to simon and he seamed like a resonable guy.
He is very supportive of the bauxite project and i got the feeling there is more going on with mlm behind the scenes that isnt being discussed like....offtake, mining licence, new ground for bauxite mining. Thats were i believe the proceeds will be going, new ground to mine bauxite....hint hint.

Honestly im on the fence now. If the market opens lower ill average down.

I still think we a close to mining so there is upside to be had.

Expand

Many thanks Timmy for taking the time and effort! Really appreciated!

Hmm, so maybe the share deal was wise after all. Taking shares after all the dilution has been done?

MLM Price at posting: 6.6¢ Sentiment: Hold Disclosure: Held
1 Upvote

0 Great analysis

Reply

Top Stories

Dale Gillham's weekly wrap: picking resilient stocks in a volatile global market

HZR

Hazer Group reports ten days of continuous operation at graphite-manufacturing test facility

Week 32 Wrap: AI is clearly overhyped – but did we see ‘bubble’ burst already? Plus RBA decision; Japan’s wild week & Google ruling

Emerald & Azure score Digger & Dealer awards

NEU

Neuren Pharmaceuticals dips after pediatric Angelman Syndrome Phase 2 trial results fail to impress

Revolutionary inverter technology leads the clean energy charge

Bitcoin: Current State of Play & Where to Next | Swyftx

TNC

True North increases silver metal at QLD's Vero deposit by 20%

From the Floor with Federal Opposition Leader Peter Dutton at Diggers & Dealers 2024

TKM

Trek Metals jumps 5% as gold & REE drill run kicks off at Christmas Creek in the Kimberley

There are more pages in this discussion • 3 more messages in this thread...

First 76 Last

Add MLM (ASX) to my watchlist

(20min delay)
Last 3.4¢		Change 0.002(6.25%)		Mkt cap ! $32.63M

Open	High	Low	Value	Volume
3.4¢	3.4¢	3.4¢	$27.94K	821.9K

Buyers (Bids)

No.	Vol.	Price($)
1	299997	3.2¢

Sellers (Offers)

Price($)	Vol.	No.
3.7¢	150000	2

View Market Depth

No.	Vol.	Price($)
1	299997	0.032
1	1000000	0.023
2	25001	0.020
0	0	0.000
0	0	0.000

Price($)	Vol.	No.
0.037	150000	2
0.040	30000	1
0.042	700000	1
0.043	404000	1
0.044	64516	1

Last trade - 14.55pm 09/08/2024 (20 minute delay)

MLM (ASX) Chart

Ann: Trading Halt, page-76

Dale Gillham's weekly wrap: picking resilient stocks in a volatile global market

Hazer Group reports ten days of continuous operation at graphite-manufacturing test facility

Week 32 Wrap: AI is clearly overhyped – but did we see ‘bubble’ burst already? Plus RBA decision; Japan’s wild week & Google ruling

Emerald & Azure score Digger & Dealer awards

Neuren Pharmaceuticals dips after pediatric Angelman Syndrome Phase 2 trial results fail to impress

Revolutionary inverter technology leads the clean energy charge

Bitcoin: Current State of Play & Where to Next | Swyftx

True North increases silver metal at QLD's Vero deposit by 20%

From the Floor with Federal Opposition Leader Peter Dutton at Diggers & Dealers 2024

Trek Metals jumps 5% as gold & REE drill run kicks off at Christmas Creek in the Kimberley

Featured News

Buyers (Bids)

Sellers (Offers)

Featured News

Ann: Trading Halt, page-76

Top Stories

Dale Gillham's weekly wrap: picking resilient stocks in a volatile global market

Hazer Group reports ten days of continuous operation at graphite-manufacturing test facility

Week 32 Wrap: AI is clearly overhyped – but did we see ‘bubble’ burst already? Plus RBA decision; Japan’s wild week & Google ruling

Emerald & Azure score Digger & Dealer awards

Neuren Pharmaceuticals dips after pediatric Angelman Syndrome Phase 2 trial results fail to impress

Revolutionary inverter technology leads the clean energy charge

Bitcoin: Current State of Play & Where to Next | Swyftx

True North increases silver metal at QLD's Vero deposit by 20%

From the Floor with Federal Opposition Leader Peter Dutton at Diggers & Dealers 2024

Trek Metals jumps 5% as gold & REE drill run kicks off at Christmas Creek in the Kimberley

Featured News

Buyers (Bids)

Sellers (Offers)

Featured News