Sitting between 15-20 cents back in 2021 when Anglo were lined up for DSO with pre payment , i note that they also wanted first right of refusal for 68% and Pig iron as well , so whats changed ??
We could argue that the company has progressed quite a bit since then , some updated studies on DRI concentrate and Hismelt , so why are we now back at 1.8 cents ?????? when IO prices are very much in our favour , imo its a board issue , the market will not touch this stock with the current board in place , unless the come out with some serious deals , even then the current board will still put many off .punters will take any opportunity to exit and never look back .
We need experienced Iron Ore MD's on board , personnel with a solid track record in getting companies into production , its that simple
Four of these have to go , they are bleeding us dry !!! apart from neill tell me what the other 4 know about IO or getting a spec company into production ? what have they done in the past ??
https://www.mmel.com.au/site/about/board-and-management.
Luke Martino comes on board in July 2023 and and by September hes in on a raise via Indian Ocean , its laughable ,
Heres a link from a post in 2020 regarding a bard member who has came back again for another joyride ,
https://hotcopper.com.au/threads/an...pital-raising.5807134/page-5?post_id=49565414
Hire and experienced MD with a solid track record and the stock will pop instantly , just look at AMD , it was dead in the water and then David Flannagan came on board , a breath of fresh air .
We have a good viable project in a good jurisdiction in a good sector but the wrong board in place .
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