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70.0¢ mallee resources limited

Ann: Capital Raising and Project Update, page-139

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23/08/22

10:23

Post #: 63265096
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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.

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I suspect the reality is that whatever the mine is worth, the SP will be depressed until stale holders exit. Whether that takes weeks or months we won't know ...not at least until the SP starts to increase above the 70c price. Until then, good luck to all!

MYL Price at posting: 70.0¢ Sentiment: Hold Disclosure: Held
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