MLM 0.00% 3.4¢ metallica minerals limited

Sconi sold - a good job by Management!!, page-7

  1. 34 Posts.
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    And all the good news flow AUZ from activities have been pumping out to market last year or so - imagine how mlm sp would have performed over that time particularly Over October November December 2017 being free carried by AUZ with mlm 100% owner - sconi added $200m around that time to AUZ mcap whereas AUZ now back only now $167m mcap and Cleanteq CLQ similar project only $330m mcap whereas mlm sp now only 3.6c and mcap less than $12m and shareprice late last year only got as high as 7c - so clearly factually dumb deal by mlm good deal by AUZ and result in great sp performance high volume high news flow high interest and high fund raising ability.

    look at performance and activity AUZ and mlm 

    mlm spent $4m (more than half that admin and Corp) since mid 2017 nothing much to show for it and now has no SCONI or exposure to nickel cobalt or scandium or big potential company making project and looking at high cost high risk merger with risky Ilmenite Project with $20m debt attached. Go figure!

    hopefully mlm sticks with bauxite and zircon rutile and silica sand and avoid dilutionary high risk Ilmenite mine with debt encumbered Melior. Add insult mlm sh only end up with 36% of Merged company. Double dumb selling 100% sconi for only $6m and now want to do reverse takeover with Melior.


    DYOR 



 
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