III icon resources ltd

mlx have left, page-2

  1. 813 Posts.


    total shares in top twenty (according to the above)
    = 45.62 million

    total shares on issue 110,622,998

    thus percentage owned by top 20 is 45.62/110.62 = 45.2 %

    only some 65 million for everyone else, hence a big day of 15-20 million traded will see III move higher (or lower) in pretty significant amounts (at least 7-10c in my opinion)

    now all we need is a doozy of an announcement to get things going.

    still way undervalued at current prices - market cap should at least be approaching 30-40 mill.

    once production starts and hence an income its feasible to get a market cap of 80-100million, hence share price of 70-90c. could be sooner rather than later - hope so anyway.


    cheers, dw
 
Add to My Watchlist
What is My Watchlist?
A personalised tool to help users track selected stocks. Delivering real-time notifications on price updates, announcements, and performance stats on each to help make informed investment decisions.

Currently unlisted public company.

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