You said: "Rather than apply all available funds to their own direct exploration projects, they have made investments in other listed companies as a secondary means of having exposure to projects there with upside."
Jaked, we can all do that. You could pay a part time bookkeeper to maintain that portfolio. These guys just don't want to get their hands dirty. Its meant to be a mining company.
You said: "However, the BIG catalyst now is in the form of their investment in DANAKALI and its immediate prospects to deliver to MZM an enormous cash injection from what I believe will emanate as a result of a take-over of DNK within the next 12 months at a minimum of $ 2.50 / DNK share, thus providing MZM with a potential cash injection of around $ 25 million or $ 0.30 for each MZM share. Upon this event unfolding, MZM shares being tightly held would SOAR and in my opinion they would hit a new all time HIGH..ie: above $ 0.96 per MZM share."
Jaked, the share price is $0.13. I can't see how a cash injection of $0.30 per share will take it above $0.96. Would be $0.43 at best but maybe $0.35 after tax.
Cheers,
Von.
MZM Price at posting:
14.0¢ Sentiment: None Disclosure: Held
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