E25 4.76% 22.0¢ element 25 limited

Jaked, I did read your post... You said: "Rather than apply all...

  1. 4,775 Posts.
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    Jaked, I did read your post...

    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.
 
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Last
22.0¢
Change
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Mkt cap ! $48.38M
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21.0¢ 22.0¢ 21.0¢ $12.77K 59.75K

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1 15265 21.0¢
 

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22.5¢ 1722 1
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Last trade - 14.02pm 14/08/2024 (20 minute delay) ?
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