MDI 21.4% 1.7¢ middle island resources limited

$30m market cap with a $70m plant, $8m cash and investments...

  1. 2,516 Posts.
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    $30m market cap with a $70m plant, $8m cash and investments including 10% of AME, 750koz of inferred gold, and a monopoly over 1.8moz of stranded gold prime for consolidation or toll milling. Plus the barkley project.

    Other than SC, no major holder has reduced in months while the immediate share price has dropped over 50% since the high. Sure the immediate news flow may be slow which may persuade some traders to exit, however I believe the SP is being intentionally pushed down and positioned... either as pressure from a broker to engage them for a CR, or alternatively an imminent takeover bid. Time will tell, either way i'm confident in my investment and patience will bring reward.

    I note the comments around pursuing any or all existing consolidation opportunities, and scoping study nearing completion for upgrading or replacing the plant to accomodate significantly larger throughput.
 
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Last
1.7¢
Change
0.003(21.4%)
Mkt cap ! $3.703M
Open High Low Value Volume
1.5¢ 1.9¢ 1.5¢ $40.97K 2.363M

Buyers (Bids)

No. Vol. Price($)
3 520000 1.6¢
 

Sellers (Offers)

Price($) Vol. No.
1.7¢ 291555 3
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Last trade - 16.10pm 12/07/2024 (20 minute delay) ?
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