This is MMR,s biggest problem after Fridays Churn and Burn Fugasi !!!!!
A $9.159m MCAP as of close on Friday ?????
While the Federal and state government of NSW have both now officially denied the project publicly as the elected officials of Australia and NSW.
This isn’t a rouge Scomo we are dealing with, this is our elected state and Federal Governments of Australia !!!!
And the only tangible asset of MMR has been denied officially that formed the actual existence of the PDF MMR is currently trading under.
A 9m MCAP for a company with nothing that is PDF tangible, and could be close to suspension again for same with a 9m MCAP is simply insane!!!!
In particular in the 2025 oily penny market when compared to peers, 0.003 is a stretch for MMR and 0.002 is probably were MMR is valued currently with Pep11 officially denied imo.
The numbers simply don’t stand up for MMR moving forward with a possible suspension from trade again looming, and Friday was obviously a churn and burn imo.
(20min delay)