They are not assets for a oily penny in current market TD1 they are liabilities, Torquise hydrogen is simply a ill afforded money bleed for MMR and is going to need another injection of capital soon for Zero return, and Breeze is like Kelso currently, he is not going to do anything about Bonaparte till he has to when Ed Husic Swings the Axe on Pep11, Bonaparte is to much work for Breeze, just like Cerberus is to much work for Kelso.
Rock and a hard place MMR is in currently, just like BPH and BUY TD1 no matter how hard you try and cover Breezes over spending shortcomings for Zip return to shareholders, and simply Dilution after Dilution for Shareholders of MMR and it only just begun this round of dilution, and any cap raise will be forced into the 0.002 realm SP wise once Ed Husic swings the Axe on Pep11 when it suits the ALP.
And How’s Barm going TD1 with the millions of dollars invested in it now and all Breeze has done is right Cheques, and soon they will be wanting more cash to progress, it’s a endless cycle of raise and spend on projects going nowhere the past 6 years for Breeze and really what has he accomplished ???? Zip is the answer TD1, and now he’s going to burn the house down in MMR after a 5 year Suspension because the BPH Goose is cooked after endless unnecessary Cap Raises in 2024, could you imagine Breeze trying to do a Cap Raise in MMR or BPH after Ed Husic swings the axe on Pep11!!!!!
BPH would be at 0.004/5 and MMR would be lucky to make 0.002 in current oily penny market imo, and the Cap raises would be to fund proven by past performance Cash Burn projects for no return to shareholders, and TD1 that’s simply not going to cut it in the current oily penny market is it !!!!
I can’t wait to get out of here tbh, the more I go into the drama of Pep11 Inc in 2025 the worse it gets on all fronts of the equation imo moving forward for BPH, MMR and BUY!
How could MMR be possibly valued at a 9m MCAP currently that’s absolutely absurd !!!! with every thing it actually doesn't have to support an 9m MCAP after 5 years of Suspension from the ASX !!!
When the bubble bursts here and reality hits home TD1 it’s got 5 years of pressure to release in MMR, and that’s why I’m locking in 0.002 MMR for 2025 imo.
MMR Price at posting:
0.5¢ Sentiment: Hold Disclosure: Held
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