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Ann: MLS Raises A$3.5M at a 40% Premium to Accelerate Lac Rainy, page-24

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Von Rico

4,704 Posts.

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22/02/24

11:38

Post #: 72532680
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Originally posted by Von Rico: ↑

More cash means the boss can sell us more of his undeveloped tenements like he did in 2022 when he sold us 80% of Paynes Gully for the discounted price of $8.4m which is now part of our $1m EV as per your calculation. To show how much he cares about shareholders he 'directed' MLS to look at his deal and charged us $2.4m just to look. We paid $2.4m just to look at something that we bought that is currently worth less than $1m despite shareholders voting against it. Then there's the incentive plan, that's another story.

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That said, our EV is ridiculously cheap and we are one of the most cashed up juniors on the ASX. Why?

MLS Price at posting: 2.9¢ Sentiment: None Disclosure: Held
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(20min delay)
Last 2.2¢		Change 0.000(0.00%)		Mkt cap ! $15.56M

Open	High	Low	Value	Volume
2.2¢	2.2¢	2.2¢	$703	31.95K

Buyers (Bids)

No.	Vol.	Price($)
2	120594	2.2¢

Sellers (Offers)

Price($)	Vol.	No.
2.3¢	165000	3

View Market Depth

No.	Vol.	Price($)
2	120594	0.022
10	4361238	0.021
10	2451000	0.020
6	3026484	0.019
4	1045555	0.018

Price($)	Vol.	No.
0.023	165000	3
0.024	212093	3
0.025	739391	7
0.026	45000	1
0.027	45521	2

Last trade - 14.58pm 05/06/2024 (20 minute delay)

MLS (ASX) Chart

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