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I guess the question is, what will the mc be in 12 mths?I mean...

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jakers

686 Posts.

1019

08/10/19

12:10

Post #: 40771448
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Originally posted by Recruiter10: ↑

ok, here's a few simple questions:
If MLL are in such a good position, why was the CR done at it's lowest point - & then a further 20% reduction on the share price ? Chris said in the video update it was done to benefit shareholders - how ? The CR was done at a price that took SH down again.....
Why hasn't a big institution (or several) been all over this, wanting "in".
Why if MLL is in such a good position, are we at such a low level, yet still aren't receiving any enquiries to buy us out at what would be a massive discount ? Not even one company sniffing around ?
This money is for 12 months, then what ?

Surely anyone of us that's been invited into the CR must have asked themselves these questions rather than blindly jumping in, I did & maybe to my own detriment, I decided not to take up any entitlement as it's still an outright gamble. I'd rather buy shares at even double todays price on the open market, knowing we were definitely heading in the right direction.

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I guess the question is, what will the mc be in 12 mths?

I mean it's currently around 20mil, are you thinking it will be worth less than this come 2020 when Li prices start to pick up, Changsha sign a deal, the gold is finally drilled and the Li project is fully permitted and studied to DFS level?

I guess it could, but gee whiz surely there comes a point where 100mt+ of high grade spodumene is worth something.

MLL Price at posting: 7.7¢ Sentiment: Hold Disclosure: Held
19 Upvote

2 Great analysis

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