MLM 6.06% 3.5¢ metallica minerals limited

Ann: Large independent shareholders support merger, page-14

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  1. 299 Posts.
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    keep in mind JD in the first place it was very tightly held and controlled by top 5 shareholders having 80% of the company and only 20% small SH.  the largest being Pala with over 40%.

    I never believed in the SP value in first place nor the mcap as I suspect most sophisticated or seasoned investors would have thought the same, but MLM B&M would have bought it, hence the 20:1.

    you would think now given that the mine has finally commissioned that the SP would rise but it hasn't and has fallen substantially with my guess will keep going as viability remains an ongoing huge uncertain and I suspect first project economics update will be many months off, possibly not till June or later I speculate. IMHO and DYOR

 
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Currently unlisted public company.

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