MYL mallee resources limited
Add to My Watchlist 0.00% ! 70.0¢

The options overhang was always going to be a drag on the share...

  1. cherryburn
    1,158 Posts.
    lightbulb Created with Sketch. 204
    clock Created with Sketch.
    19/08/19
    18:41
    Post #: 40044972

    The options overhang was always going to be a drag on the share price and especially going in to 4 months before expiry. Somebody with a million of these has to stomp up A$30 k and some will undoubtedly sell shares to do so (600k at 5c say). There will be a stampede in November but all good news for MYL as more cash in the kitty.
    MYL Price at posting: 5.3¢ Sentiment: Buy Disclosure: Held
    Likes Created with Sketch. 5  Upvote
    lightbulb Created with Sketch.  Great analysis
    Stroke 3 Created with Sketch. Comments Created with Sketch. Reply

  2. Top Stories

 

Featured News

NEWS Significant gold intercepts below Samat and Sorowar pits in resource drilling update
right-arrow Created with Sketch.
NEWS Rincon Lithium Project to be powered by 40MW energy infrastructure
right-arrow Created with Sketch.
NEWS Nyrada advances to final cohort in Phase I clinical trial of Xolatryp
right-arrow Created with Sketch.
NEWS Anson Progresses POSCO Due Diligence with Bulk Green River Brine Shipment to Korea
right-arrow Created with Sketch.
NEWS Exploration drilling confirms large gold system at Abercromby Gold Project
right-arrow Created with Sketch.
NEWS Blue Moon first wedge hole intersects 543g/t gold over 1.2m in laminated quartz vein
right-arrow Created with Sketch.
Add to My Watchlist
What is My Watchlist?
A personalised tool to help users track selected stocks. Delivering real-time notifications on price updates, announcements, and performance stats on each to help make informed investment decisions.
Add to My Watchlist

Currently unlisted public company.

arrow-down-2 Created with Sketch. arrow-down-2 Created with Sketch.