In addition note with this B&M nothing much gets done look last couple years not a lot achieved with the $4m mlm cash spent last 18 months and more spent on admin Corp than activities always a bad sign. Even stuff B&M push still big delays like merger Melior was announced 13 September for details in reports independent experts report etc plus notice of meeting for EGM indicative date set was 11 October for EGM planned for 12 November - SH still not received details on merger so that's nearly 7 weeks late from original 4 week delivery of details - slack or second thoughts on merger? Imo no deal better than bad deal - I do not see the mlm reverse TO being a good outcome for sh rather imo more likely if goes ahead a fight for survival in four or so months time could easily run out of money (mlms money.... mostly remaining from 100% SCONI sale to AUZ) and accumulating debt all that time. Look forward to proposed merger details must be soon surely?!! Hopefully all the details on Melior and Goondicum Monto Ilmenite Project are fully and informatively discloses - looking forward lates melior cash position and accumulated debt level plus technical sign off or any performance guarantees in production. Details how deal with extremely high level 50% slimes etc etc
MLM Price at posting:
3.3¢ Sentiment: Hold Disclosure: Held
