Great summary JGold and Ura.
I was happy with Ben’s responses as well to my queries
- re Spin off and looks like in next 4-6 weeks we will have some value realised from WA assets , hopefully it happens before SK exercises it’s options allocations .
- Glad to know consolidation isn’t something he favours and hopefully it’s off cards for another 12-18 months .
- He did mention that MLM get $1.5 mn worth of shares by end of June and there would be more news expected by then so hopefully we would have to issue them less shares if there is a decent price rise in next 30 days .
I also did like the confidence they have in getting the funding , and it’s more about they working on best and most economical source of lending . I feel SK holdings will give them the best rates given they have a skin in the game and they won’t mind giving a mates rate especially when they are borrowing @ low rates as one of the guys mentioned & are going to be purchasing entire cobalt supply from us .
- samples to go in a battery to have a complete battery pack ready will happen most likely soon and that’s when it’s announcement worthy . The current samples are sample samples
- passing of SK resolution of 669mn share options at .12 cents is a testimony to future which lies ahead . In perfect world scenario if someone is given an option to buy millions of shares at x price usually the share market value is 1.2/1.3 times X , so definitely the current trading price is a bargain and it shall go back to previous highs once we have - BFS / SK exercise it’s options / Samples confirmation / Finance Update and Spin offs done in next 3-4 months .
It’s a shame we had this drop in last 3 months for no reason despite kicking off goals and progressing in right direction as that will keep the price in trading levels of .12-.18 levels for quite some time ( next 6-7 months before it approaches 20 cent levels early next year ) given that lot of accumulation has happened between .08 to .12 cent levels in last three / four months .
Good luck to all the holders for exciting times ahead ...
Cheers
TG
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36 | 6590698 | 0.007 |
18 | 6175551 | 0.006 |
9 | 5550000 | 0.005 |
Price($) | Vol. | No. |
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