MLM metallica minerals limited
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Today's ASX announcement showing who bought KZL holding of 14...

  1. buffett
    3,313 Posts.
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    15/04/09
    10:44
    Post #: 5012449
    Today's ASX announcement showing who bought KZL holding of 14 million at 22 cents offmarket shows the new holder as Jien Mining Ltd. Registerd Office 39 Normanby Rd. Kew. Vic.
    A check of MLM December Qtr on Page 2 reveals Jien Mining as a subsidiary of Jilin HOROC Non ferrous Metal Group Co. Ltd. - China's second largest nickel producer. Obviously they like the NORMICO nickel- cobalt project.
    This is a very positive vote of confidence in the management of MLM management & the projects they own.
    The big sleeper could be the coal for UCG.
    Regards
    Buffett
    MLM Price at posting: 26.0¢ Sentiment: None Disclosure: Held
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    lightbulb Created with Sketch.  Great analysis
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