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Ann: Conditional intention to make a takeover bid for MLM, page-12

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Yewwwww

1,505 Posts.

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17/02/24

12:10

Post #: 72458828
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Originally posted by goldenkiwi: ↑

Sounds about right Yewwwww, i was doing a rough calculation in my head, either way, thats nearly 4.5 bill shares now, divide that by our current market cap of $82mill = 0.018 cents per share.
Bad considering many moons ago, on Cyclone alone, we had 300mill shares on offer at around 0.30c to 0.40c. Fair enough, we have a little more sand, just hope we can get it to market, and soon! The biggest company screw up was not doing due diligence on Galalar, if they had done Northern Sands first, the share price would be well up imo. For that screw up i shed over 28mil shares last year and only hold about 5mil now. I will look at buying in again closer to the EIS being lodged, might get a bargain below 0.02c the way it's going.
Looking at MLM threads, they aren't to happy with the outcome.

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We will be just over 5 Billion shares, but your calculations don’t take in the added value of what we acquire, I think it was still over $100M mcap.

Once we consolidate, we will be back to around 20 something cents and it also tidies everything up and is far more appealing to bigger investment groups.

No point looking back at the coulda beens golden, we are cashed up and moving forward.

Carn mate, get in the positive outlook train.

Let’s go!

DRX Price at posting: 2.2¢ Sentiment: Buy Disclosure: Held
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(20min delay)
Last 1.8¢		Change -0.001(5.26%)		Mkt cap ! $67.13M

Open	High	Low	Value	Volume
1.8¢	1.8¢	1.8¢	$301	16.73K

Buyers (Bids)

No.	Vol.	Price($)
8	3221603	1.8¢

Sellers (Offers)

Price($)	Vol.	No.
1.9¢	2089111	3

View Market Depth

No.	Vol.	Price($)
8	3221603	0.018
3	391767	0.017
2	1187500	0.016
1	300000	0.015
1	80000	0.013

Price($)	Vol.	No.
0.019	2089111	3
0.020	2455296	8
0.021	1067115	5
0.022	711432	1
0.024	593334	6

Last trade - 12.41pm 27/05/2024 (20 minute delay)

DRX (ASX) Chart