MLM 6.06% 3.5¢ metallica minerals limited

Ann: Company, Project and Review update, page-8

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  1. 541 Posts.
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    Token reduction in corporate costs, no point in actually releasing anything, as this update has nothing apart from AUZ share sale...  Lots of pressure on new management somehow being able to generate revenue... Time will tell...

    In regard to AUZ and sconi sale... Literally $100M MC for a company that COULD product $500M revenue (not profit) with no money in the bank... Time will tell on that story too - but blown up way bigger than what it should have on the back on SP appreciation in AUZ shares which may all come crashing back to the ground... At 3.7c now and a CR in play, I expect to see 1.5c before 11c again! I think this could play out as a very good learning in the difference between SP and inherent value...

    Time will tell, hopefully new management will be able to bring UP online - though I highly highly doubt that previous management weren't trying and going through appropriate channels... Again time will tell. 
    Last edited by hilly_sandman: 23/02/19
 
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