MLM 4.76% 2.2¢ metallica minerals limited

Ann: Appendix 3Y - Gillies , page-5

  1. 1,484 Posts.
    Andrew buying - possibly indicates that finance will be available with-out dilution. Don't see these guys as one to play games with false signals.

    Also I have been watching MLM divest non-core assets over the last year and half as their sp fell from 50c - to avoid having to raise and dilute in a crap market. Good to see that they kept the min sands, that was the asset backing I needed, to keep holding and waiting for the Sc story to unfold.

    I bought again on open today, should have waiting for an entry at 29c, but wanted to increase my core holding. May average down again if it drops significantly before next announcement.

    This is a story that could fly in any economic conditions. Lighter frames = greater fuel efficiencies with-out having to go to composites which are still largely hand made from what I have seen.

    This is an Energy play in more ways than one - in my weird thinking anyway..
 
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