MNC 7.76% 53.5¢ merino & co. limited

Valuation, page-63

  1. 5,015 Posts.
    lightbulb Created with Sketch. 220
    The sp has stagnated @ 0.003 for so long, IMO primarily due to an orchestrated "selloff" from 0.01+ by insto's looking to bag a bargain (kudos to KW for stumping up some of his own cash and offering SH's first dibs) via a placement offer. The brief Nickel foray didn't help either, both in terms of capital and sentiment. This being said, even a lowball sale of "non-core assets" has the potential to triple the company's MC overnight on cash backing alone.....the world class Colombian assets and Anglo JV are currently being valued at zilch. Personally i think the main effort and focus of management should be getting this divestment squared away asap.....any further CR's at these levels would be corporate suicide. This alone has the potential to triple the MC overnight and we would see a flood of investors return as anything under 0.01 would be an absolute bargain.....as Seth pointed out, the options would evaporate and there'll be many a punter kicking themselves for not hopping on at 0.001/0.003 as they watch the opening bell gap up massively. KW has missed his performance milestones to date, he's been tasked with an absolute basket case due to the company's history, so is in no way a reflection of his performance IMO, but he really does need to get on the front foot over the next couple of months......we need action and updates!!!!
 
watchlist Created with Sketch. Add MNC (ASX) to my watchlist
(20min delay)
Last
53.5¢
Change
-0.045(7.76%)
Mkt cap ! n/a
Open High Low Value Volume
58.5¢ 62.0¢ 52.0¢ $84.57K 155.7K

Buyers (Bids)

No. Vol. Price($)
1 768 52.5¢
 

Sellers (Offers)

Price($) Vol. No.
54.0¢ 2000 2
View Market Depth
Last trade - 15.56pm 15/11/2024 (20 minute delay) ?
MNC (ASX) Chart
arrow-down-2 Created with Sketch. arrow-down-2 Created with Sketch.