Thanks for the post. Yikes, X64 (Formerly Medusa) have had an...

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ilovecrispyduck

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24/08/22

19:01

Post #: 63302280
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Originally posted by Sellier: ↑

Hi,
I would love to attend but could only do so via Zoom as I live in Germany. In any case I'd greatly appreciate if you guys could give us a brief update about the highlights of the meeting once it took place. I bet a lot of fellow shareholders will appreciate that.

Still can't believe that we are trading at this valuation with the kind of copper/gold intersections we have hit at MCB and our already defined JORC resource.

So many copper-gold-porphyry hopefuls out there with a higher market cap and they haven't even hit anything yet.

And here we are with a high grade resource close to surface and with a CAPEX requirement that is a fraction of most porphyry projects. In my opinion the resource is absolutely outstanding and should be recognized/appreciated by the market with a higher valuation than 20 Mio AUD (I won't even mention the Cobalt project as that must have value as well).

I hold shares in another resource company in the Philippines (ASX:X64), which is also significantly undervalued (117 MIO AUD in cash, market cap 130 Mio AUD, producing gold asset with 90koz annual production) and looking for acquisitions in the Asia-Pacific region. CLA comes to mind as a perfect candidate due to its low valuation and its low Capex requirements for MCB.

A scrip merger/takeover would do wonders unlocking the potential of the MCB project and be a win-win for both companies shareholders in my opinion.

Cheers

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Thanks for the post. Yikes, X64 (Formerly Medusa) have had an eventful year eh !

CLA Price at posting: 1.3¢ Sentiment: Buy Disclosure: Held
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Thanks for the post. Yikes, X64 (Formerly Medusa) have had an...

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Thanks for the post. Yikes, X64 (Formerly Medusa) have had an...

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