MLS 5.00% 1.9¢ metals australia ltd

Ann: Becoming a substantial holder, page-35

  1. 1,166 Posts.
    lightbulb Created with Sketch. 191
    To get to 8c our market cap will be 45mil with EV of about 26mil approx.
    that will also mean all those options will be in the money to dilute the market cap further. There is also a massive overhang of shares from that pump and dump. Imo it's best for management to do nothing and have minimal cashburn untill we have traded sideways and maybe some value investors clear out some of the overhang. If we start draining our cash for newsflow you will only see overhang shares dumping out on news and increasing EV where we may not see value...
    That is all IMO DYOR

    ps changed my sentiment to None so don't have whingers.


 
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