MEI
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0.00% 9.3¢ meteoric resources nl

This could happen to us at MEI,it’s open season on undervalued...

  1. e350
    1,097 Posts.
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    16/08/24
    08:47
    Post #: 75231642

    This could happen to us at MEI,it’s open season on undervalued asx miners.

    Indonesian-owned Mach Metals had launched a $393 million takeover offer on Rex — a small South Australian developer.


    What was Mach buying from Rex?

    The copper-gold Hillside deposit on the York Peninsula in SA…

    Australia’s biggest fully-permitted new copper find.

    Development-ready. Containing 1.9 million tonnes of copper and 1.5 million ounces of gold.


    Rex did the dirty work to secure the prize.

    But on the morning of 8 July, Indonesia’s billionaire Salim family…who control Mach Metals…went for it.


    To most observers, this looked like just one more Salim acquisition in Australia, after the family bought the Mt Pleasant mine in NSW several years ago…

    DYOR please
    MEI Price at posting: 10.0¢ Sentiment: Buy Disclosure: Held
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    lightbulb Created with Sketch.  Great analysis
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