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MLM - Metallica Minerals

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Been on since IPO Now 04 this little Nickel baby is now flying hit .58c high today from a .365c a few days ago a 60% increase ASX speeding ticket issued today

cheers laurie
 
After consolidating the past 2 months, MLM had a breakout on Friday with positive ann. Volume during the week was fantastic other than on breakout day, which was poor.

Novski
 
Novski said:
After consolidating the past 2 months, MLM had a breakout on Friday with positive ann. Volume during the week was fantastic other than on breakout day, which was poor.

Novski

I only saw this one on friday after close, otherwise i wouldve picked them up on Wednesday.

Looking good.
 
Halba said:
nickel laterite + heap leach?

another hopeful? prolly won't make any money

Who cares.
The company doesnt have to be profitable for us to make money off their share price.
 
Been in contact with Andrew Gillies since day one he is one smart man and when in the early days I was just about to hit the sell button he always said hang in there we have the goods well liked in the sector :2twocents

cheers laurie
 
Did anybody else pick these up at 19 cents back in aug 05 when BHP took an interest? :p: :p:
Keep on going!
 
rico01 said:
Did anybody else pick these up at 19 cents back in aug 05 when BHP took an interest? :p: :p:
Keep on going!


Not when BHP took an interest, but certainly noticed them when KZL uped their anty in December. Like PDN, when these companies take positions in minnows the SP's tend to bump up shortly after :rolleyes:

One to watch ATM, currently experiencing a pullback.

MLM's exposure is in Bauxite and Nickle, 100 mill odd MC, tight registry, 4 mill odd cash on hand should negate further share dilution and in a nice area for an explorer (QLD)

More info at:http://www.brr.com.au/event/MLM/1005/18337/wmp/cuglvk36df
 
This is lookin good - ann. just out China has just formally committed to cough up its $4.625m cash (this is 3 weeks earlier than the cutoff date :) ) to get into MLM's bauxite

This now provides MLM with the funds to pump the nickel out (so there's definitely no dilution now)

Drilling 4 coal seam gas completed in 3 weeks

The gap in the chart from mid Jan is well and truly filled - and the price has good support and consolidated for long enuff that we may be in for a nice retrace back to .95 and on thru in the coming weeks :)
 

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hmmm - i thought it was someone muckin about - an order for 180k of shares fidgeting about between .78 and .80 - but its for real he's ever so slowly soaking up the sells - it stands out because he's kinda huge compared the daily average and the tiny orders all around him.

Its a small start but I think she's starting to bounce
 
Lookin at old post - yes it did a little bounce - but SP seriously collapsed in the last coupla days - perhaps should have seen this coming a few weeks ago when support was penetrated a little too deep - anyway this should be good for some momentum (upwards) now with bargain hunters now starting to take control.

SP plunged to the old support - back when the directors bought shares - since then they've achieved a sweet JORC bauxite resource and have some $$$$ arriving soon.

Thats a 30% drop from its recent high.
 
Halba said:
nickel laterite + heap leach?

another hopeful? prolly won't make any money


How can this company NOT make money? It has 222,000Kt Ni and will be producing 1500T Ni Pa at Lucky Break Q1 08 and then stage 2 10,000T Ni Pa
late 2009.
 
How can this company NOT make money? It has 222,000Kt Ni and will be producing 1500T Ni Pa at Lucky Break Q1 08 and then stage 2 10,000T Ni Pa
late 2009.

1500t ni pa hmmm !! if we multiply that by current price of nickel say $40,000 currently $50,000 we get

stage one 1500t times $40000=$60 million /pa
stage two 10,000t times $30000=$300 million/pa [allow for the price of nickel to correct a little]with only a 100 million shares on issue there could be good times ahead:D
 
announcement just out
A chinese tin group is taking 5.38 million shares @ $1.10:rolleyes: That can,t be bad when the share price is 74 c:)
 
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