MYL 0.00% 70.0¢ mallee resources limited

Ann: Capital Raising and Project Update, page-124

  1. 5,651 Posts.
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    And regarding the 70 cent price….. people have forgotten that this “price’ that is associated with MYL, and “at the time of posting’ is where it was before the company went into a trading halt. It was 10 or so cents on the morning of the coup, and 7 cents by the time the board could have a t/h applied and stop the carnage.
    Then the 10:1 consolidation and bingo, 70 cent valuation.
    Ergo, the 70 cent current valuation is just where the trading stopped.
    Where it will resume, I do not know.

    GLTA.
 
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