MTE metrocoal limited
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  1. ENIGMA
    1,328 Posts.
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    23/08/13
    13:15
    Post #: 12235363
    The ASX needs to lift its game.

    At 40c, Metro has a mc of around ~$83.5m.

    It falls to 4c with a mc of only ~$8.3m.

    So, the market cap is destroyed by $75,000,000.00.

    MTE then runs up from 4c to 6c which give a mc of ~$12.5m.

    So, the ASX decides to issue a ticket because MTE has clawed back approx. $4m of its market cap after losing $75m off its market cap? Are these guys serious?

    Trade Safe!

    MTE Price at posting: 5.6¢ Sentiment: Buy Disclosure: Held
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    lightbulb Created with Sketch.  Great analysis
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