Australia's largest stock trading and investment forum Australia's #1 stock forum

MYL

Click for more information

0.00%

70.0¢ mallee resources limited

Ann: Capital Raising Update, page-103

First 103 Last

Share
Profile

Follow
ChasingUpside

418 Posts.

66

07/09/22

15:58

Post #: 63569304
Share

Originally posted by redsails: ↑

I think they will do something like this,

Raise some funds from a private investor to keep improving the plant, they're still pulling dirt from the mine. They will then process the ore and have concentrate to sell, there's an off take agreement and it will be easy to move. That will start to generate cash flow to demonstrate AISC and associated costs. In 18 - 20 weeks there will be enough data and $$$ to then go back to the market for a cap raise and listing.

If you can't fund through investors or a bank, you can fund from profit and cash flow. We are more than a spec company, we have a mine, process plant, ore, employees. JL and others have plenty invested, they don't come across as people who are going to let this fail and let investors lose their $$$. If they were, they would have run away after the coup.

Expand

I have considered the same, but there is only 22 weeks before delisting so it would be difficult.

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

0 Great analysis

Reply

First 103 Last

Add MYL (ASX) to my watchlist