MLM 6.06% 3.5¢ metallica minerals limited

Ann: Large independent shareholders support merger, page-3

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  1. 1,371 Posts.
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    @pibo are you paid by MLM or MLR?

    Why otherwise do you believe the merger will be a success story for the MLM shareholders?


    IMHO MLM is currently completely undervalued because it failed to secure a simple haul road. If MLM would have secured that road (which it now has) the SP would meanhwile have been well above 10c. As such I consider the merger to grossly undervalue MLM and in addition it comes with a huge risk in the form of the debt of MLR. 


    If I understand your message correctly you consider the merger to be fair or even good for MLM shareholders. Can you please explain why you have that view!?


 
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