Better safer Goldies are tumbling,
RRS Heading to 3070
YAU, Heading to 628
MML to god knows where looks like 70s
THought I was being clever to pickup MML at such a low price
But I am not so sure.
For the first time I have to look at 10 year charts to see historical supports Doesn't make any sense
Best is to cut my looses and stay in cash and pick up great shares cheap
Most likely.
That is the historical lower S/R
I am considering getting out of POG & MML and to cash.
Heavy manipulation of Gold & Goldies, along with it the bottom is falling off it seems.
Look at TLW looks like it's heading to 705 though an oiley
This closed yesterday at 63.75
The MMs market it up on the open at 81 p
That is a 27% higher compared to yesterday's close.
What value are you chaps projecting for some one who wants to buy in here?
Where are you expecting this to close?
They have cash at hand of 1.683 mill Euro, that is 1.47 Mill USD
That is equivalent to 5.5 p per share
The total cash including the proceeds of this disposal is in excess of 23.5p per share
Add to it a settlement on successful outcome of their litigation this is the cash value of 35 -- 45 p at the very least
Market Cap 3.28 Mill GBP
Shares in issue = 26.2 mill
Free Float 19.63 % ==== 5.14 mill
St.Petersberg property value = 5.5 mill Euro = 4.72 mill GBP
Value per share of Proceeds = 18 p