Wow all the down ramping here! Guess some people are surprised that the SP did not dip to, or even below, the price of the rights issue at 5.2c. And now they are trying to talk the SP down so that they can still buy in cheaply...
Well I have got news for you. The SP will NOT dip below the 5.2c whatever you "ramp" here. Just get over it and buy the shares if you want them or let it be if you think they are to expensive. You will NOT get them for 5.2c and you will also not get the 2:1 option. Sorry, but you should have participated.
To my understanding Jien Mining Pty Ltd had troubles getting the funds for the rights issue. Not sure why, but there are some issues atm to get money out of China. And despite being a Australian Ltd. they are really a Chinese company. So I hope MLM can work something out with them and sure they will.
For MLM the road is clear now I believe. Enough money to move forward, very low CAPEX to start the mine. All good IMHO. Guess I will get my full oversubscription, I am loving it! This should be 10c well before the end of the year.
MLM Price at posting:
5.6¢ Sentiment: Buy Disclosure: Held
