MLD 0.00% $1.07 maca limited

Hi Zep,If you haven't found out already by now MACA denied a lot...

  1. 661 Posts.
    Hi Zep,

    If you haven't found out already by now MACA denied a lot of the applications for the IPO. Most likely yours was one of them (as was mine). They didn't offer a lot of shares, they offered them cheap and a lot went to insiders so most of us got screwed. Pissed me off considering we could have made 43% on the opening day.

    Having said that, I bought in on the second day (they started trading on the 3rd). Normally I wouldn't but MLD is still trading below its intrinsic value and imo will have a good run. Have a look at FGE, MIN, MND, MCE... the mining services sector is doing very well because of the resources boom. Picks & shovels are the way to go!
 
watchlist Created with Sketch. Add MLD (ASX) to my watchlist

Currently unlisted public company.

arrow-down-2 Created with Sketch. arrow-down-2 Created with Sketch.