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I will certainly be buying MMR on opening, I will work out a...

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MrMysterious

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29/11/23

19:23

Post #: 71178196
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Originally posted by Curiousjim ↑

Reposting this in anticipation of approval:-

Hi all, I'm trying to work out a future value of this share on approval of PEP11 as is the condition on them to relist along with proving they can raise cash also.

As they have to raise BEFORE they relist, I'm assuming price will be 0.4c and assuming amount to raise to contribute to drill is $7m (a guess), that puts the share issues to 1.7bn on top of the current 1bn so 2.7bn total.

Now again assuming BPH gets to 60c on approval which is conservative their equalivant market cap would be approx $800m. For MMR to get to that as they have a similar stake that would put their price at approx 30c.

Im also wondering what they would reopen at but that's anyone's guess.

Interested to hear others opinions

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I will certainly be buying MMR on opening, I will work out a price target closer to opening/BPH approval price.
I’d expect a relatively none crazy opening due to it being “quietly” tucked away(I hope).

MMR Price at posting: 0.4¢ Sentiment: None Disclosure: Not Held
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