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Ralph, I recall numbers a little different to yours -...

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Getintoit

207 Posts.

60

15/01/19

18:30

Post #: 37123587
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Originally posted by Ralph40: ↑

Talking about duds, and following the article in the courier mail ....

Why on earth would the SAG want to bring back Andrew Gilles?

He drove the share price from plus 30c to less than 3c with a $20 million wild punt on Sconi ...
He spent millions on a mineral sand mine that turned out to be a dud an in doing so took a JV partner who funded that into the BX mine giving 50% away.
As the share price went sub 3c he left and handed over to Simon S. with;
A graphite project that has or gone no where
A silica sand project that has gone no where
A Bx project that is now approved with access ready to mine this year.
He, as the article says never turned MLM into a miner in all his years with MLM.
Maybe a board change is arguably needed but bringing back Andrew Gilles ..... no way.

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Ralph,

   I recall numbers a little different to yours - Gillies leaves with share price 6 - 7 cents. Now 2.5 cents
                                                                          - Simon sells SCONI and AUZ market cap jumps approx $200mill ? Could have been us !

Yes - sand plant purchased and mineral sands prices subsequently tank - s$%t happens !
As for the other Projects going nowhere and delays - refer Simon.

         Cheers - Surfydad

MLM Price at posting: 2.5¢ Sentiment: Hold Disclosure: Held
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(20min delay)
Last 1.5¢		Change 0.000(0.00%)		Mkt cap ! $14.39M

Open	High	Low	Value	Volume
1.5¢	1.5¢	1.5¢	$3.127K	208.4K

Buyers (Bids)

No.	Vol.	Price($)
2	378786	1.5¢

Sellers (Offers)

Price($)	Vol.	No.
1.7¢	27919	1

View Market Depth

No.	Vol.	Price($)
2	378786	0.015
2	333874	0.014
3	750000	0.012
1	272815	0.011
1	50850	0.010

Price($)	Vol.	No.
0.017	27919	1
0.018	132313	1
0.019	300000	1
0.020	30000	1
0.021	206930	1

Last trade - 15.39pm 24/06/2024 (20 minute delay)

MLM (ASX) Chart