Why looking at this in such negative way folks. MinRes holding...

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irregularverbs

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16/04/24

15:29

Post #: 73370426
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Originally posted by lrothschild: ↑

If you look closer at the timing of the share sales, the whole process was conducted in an orderly manner coinciding with ASX 300 inclusion - more available buyer pool.

First lot $1.4M (22-Dec to 2-Jan) was sold in stealth over Christmas break - nobody's watching so who cares?
Second lot $1.25M (6-12 Mar) after ASX 300 re-balancing announcement
Third lot $3.2M (18-28 Mar) after ASX 300 inclusion official
Final lots $63M (10-Apr) sold in 3 tranches, with one at 24,459,960 shares which is 10% of total SOI - so we should expect one new sub holder notice - strategic investor?

The MINres-DVP business relationship is still ongoing:
1-Dec: Develop Awarded Mt Marion Contract
18-March: MinRes to develop lithium processing hub - option for PD processing.
21-March: Mining services set to generate ~A$175m Revenue in FY25 "At Mt Marion, significant surface works have been undertaken to progress the boxcut excavation and mine services corridor. Surface infrastructure construction will commence in the coming weeks and the first development cut from the underground is scheduled to occur in May."

To me it kind of feels like the uncle can see nephew ready to fly solo, taking off the training wheels?

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Why looking at this in such negative way folks.

MinRes holding tight on this might contribute to the stagnant prices! Need to let the water start flowing...

DVP Price at posting: $2.05 Sentiment: Buy Disclosure: Held
4 Upvote

0 Great analysis

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