Diascomooro ” waiting them out if they are greedy “ I know exactly who you have been speaking too. a couple of points . 1. Nero have taken 2.4 m . Just under 20% 2. they have raIsed 3.2 m giving them a total of mid 4s. That. Allows for some drilling and a higher SP 3 the risk of waiting is the project / resource be, comes bigger and the ultimate acquisition cost grows 4 the larger the project the more attractive it becomes to a mid tier looking for TIn 5 the area is evidently laden with tin , the chances heemskirk is a much bigger resource is very high 6. Nero are a big fund that I imagine wait and even shop the asset around domestically and globally
whether MLX pay book value ( 12 m) or a bit higher 15m ) it’s a rounding error . Note if they strike now they also get the cash from recent raising
this is both a blessing and a curse for MLX . On the one hand they can work together with Nero and make a play that has more chance of success and or Nero may act as a bloke stake. I imagine Nero are here for the profit and a 60- 80% profit under a year I am sure will be sufficient. Nero are leveraged to SRZ success via the 2 for 1 option with a stike at .15c so Nero May keen to grow resource
I have taken a reasonable position in stellar and am happy to hand over my shares to MLX if they bid at a price abide .012
MLX Price at posting:
29.0¢ Sentiment: Buy Disclosure: Held
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