MR1 montem resources limited.

Cash backed under the radar

  1. 929 Posts.
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    I don't know why, but this stock seems to be flying under the radar. At current prices the stock is cash backed and effectively a clean shell with no value attributed to assets.

    Only a few months ago $5.2m was raised at 17c before the Canadian decision on a nearby coal project smashed the price down to these levels.

    Doesn't take much for a stock like this to gap up on any sign of a deal or a new project while the delays in existing project get delt with.

    Should easily be able to get back to 6c IMO..
 
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