Base Resources BSE have released a substantial notice today.
A party has bought 21 million shares beginning 12 March at .28 cents to the 21 March finishing at .30 cents.
This is an African mineral sands miner on the ASX valued at $362 million.
Money continues to pour into mineral sands.
The Eramet takeover of Mineral Deposits MDL at around $300million in June 2018 was described initially as grossly inadequate by the MDL board. Why? Because the MDL Senegalese Operations were about to increase by 41% in revenue for 2018 alone.
Mineral sands operations in Africa continue to be huge cashflow operations. Any entry here into MRQ seems absurdly cheap.
MRQ Price at posting:
0.5¢ Sentiment: Buy Disclosure: Held
