A correct assumption in that mangement are not going to give the gold away! My feeling is that a price of $1.50 is a minimum they will accept given the amount of money that has been raised at this level in placements.....my opinion only. Got my first lot at $1.23 and then lots more at .33 and .65, so $1.50 will suit me.
Gold pour is imminent. Once MDL have cash flow and the plant proves reliable, there has to be a serious upgrade in SP. Any potential buyer has to pay up......the development costs have already been fronted.
If a buyer doesn't turn up, so what.
Nevertheless, the register would be wide open now with that large chunk having moved through both both Ospraie and Redback.
Apparently, there was more than enough interest from Canadian investors in the Redback holding.......it was 'oversubscribed'. As far as I know it was distributed to various institutions, that is, it was not taken by a single entity
\
By the way, Euroz cover MDL, not sure who else does
And then there is the mineral sands................
- Forums
- ASX - By Stock
- MDL
- sub holder notice soon
sub holder notice soon, page-8
-
- There are more pages in this discussion • 1 more message in this thread...
You’re viewing a single post only. To view the entire thread just sign in or Join Now (FREE)
Featured News
Add MDL (ASX) to my watchlist
Currently unlisted public company.
The Watchlist
1CG
ONE CLICK GROUP LIMITED
Mark Waller, MD
Mark Waller
MD
Previous Video
Next Video
SPONSORED BY The Market Online