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70.0¢ mallee resources limited

sorry meant does not have down rampers

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stockpicker0907

111 Posts.

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26/10/19

18:41

Post #: 41082127
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Originally posted by stockpicker0907: ↑

this is the only company I know on HotCopper that does have rampers. we have gone from 9c to 4.5c and still no complaining no crying out poor me. I think that says a lot about the belief in the company, just keep accumulating, no need to panic.

the only reason I can see for this company to be in this position is the options. exploration usually starts after wet season (October ish) but the company has pulled back exploration, until after the options get exercised (refer to chairman's address exploration to start Q1 2020) great for people looking to guy in now, not so great for long term holders. so this unfortunately may drift lower until Q1 2020, but than will take off with a bang. unfortunately for me I bought a shit load of options a few months ago and have lost a packet. I don't even have enough cash to convert options to I will have to sell some options at a massive loss to convert. it's a shame for long term holders they can't have one rig on exploration. but I understand it's the best interest of company

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sorry meant does not have down rampers

MYL Price at posting: 4.8¢ Sentiment: Buy Disclosure: Held
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0 Great analysis

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