That paltry $15M cash for the terminated POS LJ purchase is gonna cost MINRES $4,000M in MCAp looks like
LOL
yep CE was clearly looking at POS LJ and then pumped it and then withdrew
looks like he was scared off by big boy, AF or Gina again (some say RIO even) just like he was in the failed AGO bid where MINRES lost a whopping $20B in value which Gina made from AGO.
CE back then didnt up the AGO bid from $380M to $500M to top out Gina and AF at $450M and lost a whopping $20,000M value and $4Bpa revenue & 5 x great IO mines.
The AGO & POS backouts have the market skittish now on MINRES.
Market is judging that MINRES doesnt have the backbone to stick to its public bids & signed contracts and make the fortunes it couldve and shouldve made.
Its embarrassing for a CEO to pump a signed contract deal like this and then weeks later to breach it by withdrawing from it for no reason.
But as CE did this before with AGO failed bid its not a surprise really,
Highly embarrassing still.
That paltry $15M cash for the terminated POS LJ purchase is...
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Last
$49.14 |
Change
6.010(13.9%) |
Mkt cap ! $9.656B | |||
| Open | High | Low | Value | Volume |
| $46.71 | $49.23 | $45.55 | $170.1M | 3.552M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 200 | $49.13 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $49.16 | 3984 | 1 |
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| Last trade - 16.10pm 27/09/2024 (20 minute delay) ? |
| MIN (ASX) Chart |