MMA 4.26% 22.5¢ maronan metals limited

It's hard not too! Your actions say otherwise! You are promoting...

  1. 3,119 Posts.
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    It's hard not too! Your actions say otherwise! You are promoting misinformation about me on two separate HC forums and your Reddit forum. On your Reddit forum you have reposted "can philw be trusted" for a second time so that it stays at the top of your news feed and low and behold you have actually insinuated that either I or Tony Locantro had something to do with yesterday's price drop WITHOUT any proof!

    https://hotcopper.com.au/data/attachments/6144/6144689-cc2f831d5b12bc0acc19d65c6a251732.jpg

    You are TOTALLY wrong about the ARD share price action on April 30th yet chose to offer more conspiracies about my intentions when I pointed out what I believed happened. Don't worry that I provided unequivocal proof that the assay results were average compared to ARD's jorc resource and the volume was proof that the day traders got a hold of ARD and pumped it and sold at the top to the fomo crowd. I posted information on how to read assay results and not get caught again. There is no way that those assay results should have resulted in an almost 50% increase in the share price. Sometimes investors have to take responsibility for their own actions and not always believe that every time a share price is smashed down it is because of manipulation. It's a day traders dream outcome when companies with a huge share base release announcements that they can take advantage of. Especially if the announcement is not as good as what the uneducated perceive. Yes these day traders could have been active on the site posting over exaggeration of the results to achieve their objectives which is making money at others expense.

    As for you having proof that Veritas is manipulating MMA, I suspect that if you had unequivocal proof that Richard would pursue or at the very least contact Veritas with those allegations. He is a very nice and honorable man as far as I can ascertain from conversations I have had with him. You have the option to put a formal complaint into ASIC but it is always better coming from MMA.

    As I posted yesterday, there were 5 dumps at market. I never sell at market. I normally have a level I am willing to sell at, so whoever sold, whether it was 5 entities or one entity five times, did so either panic selling or to drop the share price. It could have been 5 separate sales that each prior sale triggered a stop loss. I don't know but the fact that 3 of the sales were in the 60K area but odd amounts and 4 of the 5 sales were odd amounts makes at least 4 of the 5 sales look suspect. The last $100K sale looks legitimate but unfortunately for them, sold at the low.

    As for a capex, I will be disappointed if MMA have waited all of this time to now do a capex. I'm hoping that their reasoning for not raising before now is that they are either waiting to release the scoping study for maximum effect or that they have Crescat exercising their options. If those 7M 30c options that have just come out of escrow are in fact Crescats, then the funds from them (A$2.1M) should be enough to fund MMA drilling into October 19th. Crescat has plenty of money and have stated that they are looking for more silver opportunities. Crescat would always be looking to finance their options from available cash whereas the average shareholder may be forced to sell shares to do the same. I for one do not have the cash to fund option conversion without selling some shares and have zero interest with 5 1/2 months to expiry to sell the same number of shares to exercise a similar number of options, whether it be selling MMA or other holdings and I suspect Tony Locantro amongst others with large holdings may be in the same boat.

    I'm happy to call a truce if you remove all of the misinformation about me on Reddit and stop posting the misinformation on HC forums

 
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