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7.14% 1.5¢ middle island resources limited

Ann: MDI has acquired 10% of Alto Metals Limited, page-12

  1. GuardianAngel8
    390 Posts.
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    30/10/20
    11:21
    Post #: 48521393
    It was on market so AME doesn’t get any money out of it. Would have cost MDI $3-4m. It’s just part of MDI’s general play on AME, which has been going on for ages. My point is that needing AME is not great (but I don’t think that’s what this is about) whereas wanting AME is clever/fine (which I think this is simply a move to give us more leverage in that regard).
    Last edited by GuardianAngel8: 30/10/20
    MDI Price at posting: 1.5¢ Sentiment: Buy Disclosure: Held
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    lightbulb Created with Sketch.  Great analysis
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