As I have been warning of late crew, the move to reality seems to be on MCAP wise, MMR,s MCAP relative to peers in the oily pennies for a shell with small percentage cash bleed plays in the background, and really now no tangible project now Pep11 has been officially denied and zero revenue like MNR is around the 2m mark MCAP currently, and getting worse valuation wise as 2025 settles in for oily pennies in general like MMR, BPH, BUY etc.
MMR having a PDF isn’t really of any value to MMR without a tangible project for MMR to trade around, like I’ve been saying DB needs to put something tangible under MMR, or 1 the SP will keep falling till it hits reality pricing of 2-3m MCAP now Pep11 is denied, and the time tax of the oily pennies will start to be applied now on DB even finding a project for Pep11 to continue to trade under.
If DB dosent contest the Federal and NSW governments denial of Pep11, Pep11 will obviously be placed in suspension till DB finds a suitable project.
The market is talking crew, options are always the first to roll in negative SP movement imo, and I see a big player left the building today in the options scrip of MMR, and clearly no one is picking up the slack anymore for MMRO now Pep11 has been officially denied.
Like I keep saying crew The writting is on the wall for all to see in Pep11 Inc, and it actually has been for a long period of time now for those who choose to read it, and now the reality MCAP will start to roll into play moving forward if DB continues to do nothing, as is his usual mandate in 2024/25.
0.003 inbound in February without a doubt imo now, there is simply no buyers left at higher levels in MMR anymore, and if DB pulls his usual Cap Raise around this juncture of proceedings it will have to be at 0.002 to Soph’s to get any traction obviously!!!
(20min delay)