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70.0¢ mallee resources limited

Ann: Capital Raising and Project Update, page-138

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kingkev

28,130 Posts.

1417

23/08/22

10:09

Post #: 63264521
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Originally posted by rpress: ↑

I dont disagree people will want to offload early, but at what price? Those looking to sell out at 70 cents probably wont have much chance to do so in the early moments of trading. If they do then it means there are plenty of buyers at 70C, yay. Will those same sellers be happy to sell at 60 Cent, 50 cents? Once you get to those levels then it makes sense to hold and trust that the true value of this mine will be realised in time. I doubt the price will drop too far, and dont forget some buyers are also waiting to get in below 70C, they will pickup the 50c and 60 cent offers.
This mine is worth what its worth, we should all try to relax about the initial frenzy and trust the market will find the correct mark in the end.

Expand

the market will be the decider here

NICKEL being highlighted will be the driver as demand kicks into overdrive

70c will be a min and buyers/investors with a longer than 3 month outlook will be all over this 70c like a rash.

My prediction for first day of trading

O 72c
L 69c
H 73c
C 71c

enjoy the speculations

MYL Price at posting: 70.0¢ Sentiment: Buy Disclosure: Held
7 Upvote

0 Great analysis

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