MDI middle island resources limited
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Well $3.7M market cap, $2.5M cash, EV for a lot of ground of...

  1. VascoBlack
    1,323 Posts.
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    29/01/14
    15:06
    Post #: 12865704
    Well $3.7M market cap, $2.5M cash, EV for a lot of ground of $1.2 M with some extremely encouraging results. Down 95% from its peak. Really good management.

    So have enough cash to weather the storm and have good enough ground accumulated to raise and go again when the market turns up.

    Buy a couple of mill stick em in the draw and have a look 2 years down the track.
    MDI Price at posting: 3.4¢ Sentiment: LT Buy Disclosure: Held
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    lightbulb Created with Sketch.  Great analysis
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