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Ann: Spectacular Zinc Intersection & Sulphide Discovery - Manindi, page-140

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Petertkd

8,068 Posts.

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13/05/22

09:43

Post #: 61384261
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Originally posted by Ddog157 ↑

Market will correct itself eventually. It always does. During times like these it is very easy to lose sight of the bigger picture. Key point is this company owns assets in ideal countries (graphite and hopefully lithium) essential for the production EV's. At the very least, Canada will be an integral part of the ever growing appetite for these battery manufacturers to access our graphite resource which could still easily double. Imo, that could nearly justify the market cap alone at present.

Throw in a tiny market cap, additional lithium/zinc/rubidium discoveries and this could blow out very fast again. Company have certainly ticked many boxes imo recently and some of these are as follows;

* Timely and successful consolidation which has enabled heads price to grow steadily and often quickly ( it has still doubled its value from its original opening price of approx 4c post consolidation).
* Successful conversion of many B options securing important and good flow for the companies future developments.
* Approx 15m in the bank after the conversion of the options.
* Frequent and regular updates (Lithium & Zinc).

Not sure the company can do much more at present, and without the timing of the updates/drilling, many of these options would not have been converted. MLS need to take some credit for that.

For a company dead and buried by many only half a year ago, it has sure picked itself up off the ground and has at least placed itself in a position to become a world wide producer of key battery metals. Time will tell if it can. That's why it is still a speculative stock.

Company can't control market sentiment at present, and MLS is not the only stock to have taken a hit over the past fortnight. There are plenty of others well in the red.

Good times ahead and bigger picture for mine......

DYOR

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Totally agree + Good post .

All the best.

MLS Price at posting: 8.1¢ Sentiment: Buy Disclosure: Held
6 Upvote

0 Great analysis

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(20min delay)
Last 2.4¢		Change 0.000(0.00%)		Mkt cap ! $17.45M

Open	High	Low	Value	Volume
2.5¢	2.5¢	2.4¢	$5.074K	210.0K

Buyers (Bids)

No.	Vol.	Price($)
1	127941	2.4¢

Sellers (Offers)

Price($)	Vol.	No.
2.6¢	99013	1

View Market Depth

No.	Vol.	Price($)
1	127941	0.024
3	843043	0.023
9	3946180	0.022
1	142857	0.021
3	325000	0.020

Price($)	Vol.	No.
0.026	99013	1
0.027	450600	3
0.029	75000	1
0.030	102684	4
0.031	288000	1

Last trade - 15.59pm 27/09/2024 (20 minute delay)

MLS (ASX) Chart

Ann: Spectacular Zinc Intersection & Sulphide Discovery - Manindi, page-140

The market's shrugged at China's stimulus measures all year. Why is this one different?

ACCC seeks Olam divestments before its acquisition of Namoi Cotton can go ahead

The winners & losers on market if negative gearing were gone

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Coda Minerals (ASX:COD) enters rights issue to further exploration in South Australia

Actinogen Medical ramps up Alzheimer’s treatment trials, targeting fast-track global approvals

Estrella first foreign entity to win tenements in Timor-Leste under new laws ahead of 2025 tenders

5.6g/t gold intercept at Serbia's Rogozna supports Strickland's hopes for high-grade core

HotCopper users muse on De Grey's denial of Agnico Eagle takeover bid – but who are Agnico?

4DMedical lands Philips US reseller deal with eye to Veterans Affairs' market post-lung damage

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Buyers (Bids)

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Ann: Spectacular Zinc Intersection & Sulphide Discovery - Manindi, page-140

Top Stories

The market's shrugged at China's stimulus measures all year. Why is this one different?

ACCC seeks Olam divestments before its acquisition of Namoi Cotton can go ahead

The winners & losers on market if negative gearing were gone

Zeta Resources seeks to resolve the Panoramic takeover story

Coda Minerals (ASX:COD) enters rights issue to further exploration in South Australia

Actinogen Medical ramps up Alzheimer’s treatment trials, targeting fast-track global approvals

Estrella first foreign entity to win tenements in Timor-Leste under new laws ahead of 2025 tenders

5.6g/t gold intercept at Serbia's Rogozna supports Strickland's hopes for high-grade core

HotCopper users muse on De Grey's denial of Agnico Eagle takeover bid – but who are Agnico?

4DMedical lands Philips US reseller deal with eye to Veterans Affairs' market post-lung damage

Featured News

Buyers (Bids)

Sellers (Offers)

Featured News