BM, looks like the first day exit strategy has begun at bargain price. As you said MC approx 3 mil, i am not sure how much cash exactly they have now with the drillings done and fixed overheads, but assume what you said...plus existing value of maiden resource. Total is way more than the MC.
Looks like panic selling happening today. Hopefully when dust settles the next few weeks, people will look rationally at the numbers and the SP...
______________________________________________________________________
Do your own research
- Forums
- ASX - By Stock
- MNE
- notice received
notice received, page-31
-
- There are more pages in this discussion • 4 more messages in this thread...
You’re viewing a single post only. To view the entire thread just sign in or Join Now (FREE)