MLS 4.55% 2.3¢ metals australia ltd

Ann: Gold Mineralisation Potential to be Reviewed at Manindi, page-158

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  1. 5,555 Posts.
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    Every credit raising will mean well over one hundred million shares being issued.
    MLS will require well over a billion extra shares issued at .002 cent just to pull in the needed cash up to the mining decision.
    That then means dilution big time.

    I respect Peter kd, his posts are of a high quality, but you must remember he is a director.
    Directors are managers as well as salesmen (people).

    That being said, i do have a top up offer in at .002 cents.
    You would need to have rose coloured glasses on to offer more than two tenths of one cent.

    I did my due diligence, then i gambled.
 
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