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11.4%

3.1¢ metalicity limited

Point 2: You can flush your holding down the toilet if it is...

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AndySH

312 Posts.

38

06/05/22

09:17

Post #: 61242863
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Originally posted by punter45: ↑

***I would strongly advise you to sell your holding in NME. ***

never laughed so much at a HC post by typical ramper ROFLMFAO

***After ASIC moves in it won't be worth a cracker.***

it seems you know little about corporate law and asic powers.

1. asic can’t force nme to sell

2. asic can only suspend or get it delisted

3. nme will still be worth the 49% it holds of jv

4. nme can be forced into administration by asx/asic and still be worth 49% of tenement

5. if the worse case scenario happens as suggested by mct rampers and nme goes under it still will be valued at 49% of the jv

6. if point 5 happens all drilling with have to cease by mct, sale of 49% of nme jv will go to market or mct increases its bid

7. similar case ongoing past 3-4 years with cgm no end insight

8. if mct increases its bid to 5.8 to 1, I will accept and others imo will do so as well

9. mct is dreaming of settling this t/o next 6 months, already 6 months past

10. Who the F is mct to value nme at 4.8 to 1? I am happy to pump more money into nme

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Point 2: You can flush your holding down the toilet if it is delisted.

MCT Price at posting: 0.6¢ Sentiment: Hold Disclosure: Held
10 Upvote

1 Great analysis

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