MDI offer looking pretty silly at this point in time imo …. share price of AME 3.6 cents/ps whilst last sale price of MDI a couple days back was 0.6 cents/ps … at that price 5 MDI shares equal 3 cents … as an AME shareholder I would rather sell on the market at 3.6 cent /ps. Not only that it looks like AME has got a heap of news on the way with a 10,000 metre drilling programme now underway. If the target on Eldale Fault comes good then MDI will be left with a red face as AME might turn the table and mop it up for a fraction of what it currently values itself (but seriously why bother imo!).
If AME shares start to jump up towards 8 cents or more then how silly will MDI offer look?
All just in my opinion of course so do your own research.
Ann: DRILLING PROGRAM UNDERWAY AT SANDSTONE GOLD PROJECT, page-3
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Last
6.4¢ |
Change
0.000(0.00%) |
Mkt cap ! $46.17M | |||
| Open | High | Low | Value | Volume |
| 0.0¢ | 0.0¢ | 0.0¢ | $0 | 0 |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 35282 | 6.5¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 6.6¢ | 55753 | 1 |
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| Last trade - 16.12pm 02/10/2024 (20 minute delay) ? |
| AME (ASX) Chart |
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