Ann: Thick Intersections of Lithium Pegmatite at Manindi, page-929

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Zeratul123

312 Posts.

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07/04/22

22:50

Post #: 60728229
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Originally posted by dc1234: ↑

Good trading today, looking strong on a weak market day.

I took up a position last week and have added more this week. I mentioned this in my Weekly Lithium report that I do on couple of Lithium stocks.

Although there is no certainity with juniors and the drill results, with a market cap of $50m and both graphite and lithium, it is looking promising. First lithium results were good and looks like more results are round the corner.

Another thing to like is cash balance. Have just raised $7.8m in placement. Around 136m MLSOB are due to expire on 1st June. Strike price is 7c, so if MLS stay above that and all oppies are converted, there will be additional $10m nearly more, so hopefully no CR for some time.

If things fall in place, I had a target of around 30c for short term which I mentioned in the report, that will be just over $100m market cap - very achievable - but everything should fall in place including good drill results.

This is just my opinion and I could be wrong, so please dyor and check for yourself. All the best.

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Welcome to MLS. Good to see more folks here.

While I agree that a $100m market cap is a very achievable target upon positive drill results, I think $150-200m would be a fair estimate given some of the peer valuations out there.

The graphite and zinc deposit are arguably worth more than the current market cap.

In any case, look forward to your weekly lithium report with MLS in it.

MLS Price at posting: 14.0¢ Sentiment: Buy Disclosure: Held
12 Upvote

0 Great analysis

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(20min delay)
Last 1.9¢		Change 0.000(0.00%)		Mkt cap ! $13.78M

Open	High	Low	Value	Volume
1.9¢	1.9¢	1.9¢	$1.105K	58.14K

Buyers (Bids)

No.	Vol.	Price($)
4	544655	1.9¢

Sellers (Offers)

Price($)	Vol.	No.
2.0¢	229574	2

View Market Depth

No.	Vol.	Price($)
4	544655	0.019
8	562908	0.018
6	1311954	0.017
3	2210800	0.016
2	2066666	0.015

Price($)	Vol.	No.
0.020	229574	2
0.021	717061	4
0.022	250000	1
0.023	66125	2
0.025	504194	3

Last trade - 10.53am 26/07/2024 (20 minute delay)

MLS (ASX) Chart

Ann: Thick Intersections of Lithium Pegmatite at Manindi, page-929

Nova locks in NASDAQ US market listing at a value of only US$3.3M as ASX gets quieter and quieter

Red Hawk upgrades Blacksmith with DSO mineral resource at the Eagle Deposit

MinRes jumps 5% as the company meets production guidance – depressed iron ore prices be damned

Nine's staff strike as Paris Olympic coverage begins

Monadelphous inks $200M contract with Woodside to help build Pluto LNG – but will it make Scarborough cheaper?

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Ann: Thick Intersections of Lithium Pegmatite at Manindi, page-929

Top Stories

Nova locks in NASDAQ US market listing at a value of only US$3.3M as ASX gets quieter and quieter

Red Hawk upgrades Blacksmith with DSO mineral resource at the Eagle Deposit

MinRes jumps 5% as the company meets production guidance – depressed iron ore prices be damned

Nine's staff strike as Paris Olympic coverage begins

Monadelphous inks $200M contract with Woodside to help build Pluto LNG – but will it make Scarborough cheaper?

Featured News

Buyers (Bids)

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