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3.5¢ metallica minerals limited

Interesting points.What is the benefit in MLM approving of the...

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19/11/18

21:07

Post #: 36563071
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Originally posted by plough: ↑

"Just ask yourself, if the Monto mine is so good, why is Melior sharing the great profits that are going to come from it? Simple... they are eyeing of the assets of MLM and the CASH. "

Probably also Melior eyeing the ability to get on to the ASX as part of the deal , doing an IPO would have cost them circa $1.25 M to get over the line , and being on the ASX makes ability to get equity easier .

This is a bit like my neighbour who has a broken down tractor and has just bought another broken down tractor , instead of fixing the tractor she already has , instead she keeps coming over and asking to borrow my tractor and mower like this placement the MD is doing with shareholders .

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Interesting points.

What is the benefit in MLM approving of the deal? If Monto is no good well we will find out in good time and then management will certainly be gone and with a black mark to their name.What's in it for them?

Also having looked super closely but the financials seemed pretty solid as long as commodity prices hold up.

MLM Price at posting: 3.7¢ Sentiment: Buy Disclosure: Held
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