MHL 0.00% 0.3¢ monitor energy limited

I don't have a big exposure in MHL, but have some shares in it,...

  1. 42 Posts.
    I don't have a big exposure in MHL, but have some shares in it, just hoping that this Trinidad story plays out.

    I remember when PIR (formally CLN) were acquiring 2 gold tenaments in Mali (West Africa), we were discussing whether the sellers of the mine were over spruking the quality of the mine and the value. (felt too cheap to be true)

    Turns out that the selling company was focused on other assests and needed toget rid of it. PIR needed funds to take up the offer. Took up a capital raising (7 for 1)(+options) for the acquisition and the shares diluted from 34cents to 10cents. Even went as low as 7cents.

    Turns out it was a good buy as PIR now sits at around 50cents a share not even a year on.

    DYOR
 
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Currently unlisted public company.

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