Can some provide a description on the potential of the existing...

First 12 Last

Share
Profile

Follow
Shaq_01

691 Posts.

82

07/05/18

18:19

Post #: 32936581
Share

Originally posted by Lazarus65 ↑

IMHO....the SP took a hit when the prospective deal was first announced simply because Prometheus appeared to be a bridge too far. Massive dilution that felt like a RTO for a high risk project (albeit with a massive potential upside). Lot of holders would have exited in fear....and the elongated suspension leading up to that announcement would not have helped. Those who bought in cheaply, were most likely speculating on the Prometheus upside so todays announcement sees the next wave of exiting holders.

Time for the BoD to remind the market of what the company has (in terms of prospects and in terms of war chest) and to have a plan of attack (including timetable) that brings investors in rather than waiting on the sideline or exiting until nearer some action.

I cant help feel that the company has lost focus and direction this year and now that Prometheus is no more (for MRD) it is time for some leadership to seize the reins and paint a compelling picture/narrative.

All that said, I think Prometheus going their own way via an IPO is the right strategy for them and for MRD. The two "projects" are too different with wildly divergent risk profiles, and capital needs for a small company to do them both justice. Much better for shareholders to invest in them separately should they choose rather than through one investment vehicle.

C'mon Mr Hood. Time to talk clearly and expansively about near to mid term plans and then to follow it up with immediate actions.

Expand

Can some provide a description on the potential of the existing tenements and timelines for exploration

MRD Price at posting: 0.4¢ Sentiment: Hold Disclosure: Held
1 Upvote

0 Great analysis

Reply

Top Stories

ASX Market Close: ASX closes above 8,400pts on green Wednesday | Nov 27, 2024

WC8

Pan Asia rebranding to 'clear confusion' after bagging $35M for Chile projects

ACW

This biotech stock raised $11M in a risk-off environment. Its Alzheimer's drug could change the game

MIN

MinRes's Ellison knows he screwed up – for that reason, hunt for new Chair to be sped up

History-making uranium sample grades and an imminent drill run. Infini Resources is poised to transform in 2025

There are more pages in this discussion • 41 more messages in this thread...

First 12 Last

Add MRD (ASX) to my watchlist

(20min delay)
Last 0.1¢		Change 0.000(0.00%)		Mkt cap ! $7.784M

Open	High	Low	Value	Volume
0.1¢	0.1¢	0.1¢	$100	100K

MRD (ASX) Chart

Can some provide a description on the potential of the existing...

Top Stories

ASX Market Close: ASX closes above 8,400pts on green Wednesday | Nov 27, 2024

Pan Asia rebranding to 'clear confusion' after bagging $35M for Chile projects

This biotech stock raised $11M in a risk-off environment. Its Alzheimer's drug could change the game

MinRes's Ellison knows he screwed up – for that reason, hunt for new Chair to be sped up

History-making uranium sample grades and an imminent drill run. Infini Resources is poised to transform in 2025