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  1. #11
    Legend shasta's Avatar
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    Quote Originally Posted by absolut-advance View Post
    MLM might be value from a fundamental view due to Substantial (holding?) Volume leaving the share register as we can see via OBV since April this year.

    Has been a very poor share price performer the last 3 years, question is why doesn't the market like it ?


    Added to watch list will do some research.
    AA

    Just think its so far off the radar & with little liquidity, eventually these plays get "noticed" & the discount evaporates

    Friday's update

    MLM - share price $0.225

    NTA = $0.40

    Discount to NTA = 43%

    Remember i tracked SRL when it was under $1, doing the same as this & it eventually restructured itself to unlock the value & it doubled!

    Disc: Nil

  2. #12
    Legend shasta's Avatar
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    Quote Originally Posted by absolut-advance View Post
    Im remember in November 2008 you totally amazed me with your analysis, when every thing was tanking and the world was ending I was scanning for stocks which had the greatest falls relative to time (using my adx above 50 method) and you where posting the most fundamentally awesome stocks, what amazed me most is they were the same companies, which were few and far between at the time,as i was screening for extremes. For all those companies after the world stopped ending, many, if not most of those companies gained 100% plus . Your analysis is awesome how you found those companies amongst 1000's ill never know. You truly are good at what you do.

    Will always follow your posts, your a great fundamental researcher.

    AA
    Gee thanks, how kind

    On my various ASX watchlists i follow at least 100 stocks at a time, over different sectors & i replace them with better stocks that i uncover.

    Those that have had a strong run, or the fundamentals have changed from when i first found them get culled.

    Always looking for value, but as im out of the market (due to personal circumstances) im still following stocks closely for when im back in.

  3. #13
    Legend shasta's Avatar
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    Quote Originally Posted by shasta View Post
    Gee thanks, how kind

    On my various ASX watchlists i follow at least 100 stocks at a time, over different sectors & i replace them with better stocks that i uncover.

    Those that have had a strong run, or the fundamentals have changed from when i first found them get culled.

    Always looking for value, but as im out of the market (due to personal circumstances) im still following stocks closely for when im back in.
    MLM - Friday Update

    Share price $0.21

    NTA = $0.36 (CBX traded just 3,000 shares @ $0.30, a whole $900 trade wiped 1/4 off MLM's investment in CBX!)

    Discount to NTA = 41%

  4. #14
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    MLM - Friday's Update

    MTE - Ann re Chinese $30m investment (56% owned by MLM)

    http://www.stocknessmonster.com/news...E=ASX&N=222141

    MLM share price $0.225

    NTA = $0.39

    Discount to NTA = 43%

  5. #15
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    Quote Originally Posted by shasta View Post
    MLM - Friday's Update

    MTE - Ann re Chinese $30m investment (56% owned by MLM)

    http://www.stocknessmonster.com/news...E=ASX&N=222141

    MLM share price $0.225

    NTA = $0.39

    Discount to NTA = 43%
    MLM - Lucknow Ni-Co-Scandium drill results

    http://www.stocknessmonster.com/news...E=ASX&N=222215

    16 pages, on one of MLM's projects in there own right, MLM isn't just an LIC!

  6. #16
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    Quote Originally Posted by shasta View Post
    MLM - Lucknow Ni-Co-Scandium drill results

    http://www.stocknessmonster.com/news...E=ASX&N=222215

    16 pages, on one of MLM's projects in there own right, MLM isn't just an LIC!
    MTE - Surat Coal Drilling Project (MLM own 56%)

    http://www.stocknessmonster.com/news...E=ASX&N=222376

    China Coal Extension Granted

    http://www.stocknessmonster.com/news...E=ASX&N=222378

  7. #17
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    Quote Originally Posted by shasta View Post
    MTE - Surat Coal Drilling Project (MLM own 56%)

    http://www.stocknessmonster.com/news...E=ASX&N=222376

    China Coal Extension Granted

    http://www.stocknessmonster.com/news...E=ASX&N=222378
    ORM - Exploration Activity Update (MLM owns 34%)

    http://www.stocknessmonster.com/news...E=ASX&N=222415

    Very much a greenfields explorer, focusiing on cooper, gold & rare earths

  8. #18
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    Quote Originally Posted by shasta View Post
    ORM - Exploration Activity Update (MLM owns 34%)

    http://www.stocknessmonster.com/news...E=ASX&N=222415

    Very much a greenfields explorer, focusiing on cooper, gold & rare earths
    MLM - June Quarterly Activities & Cashflow Report

    http://www.stocknessmonster.com/news...E=ASX&N=222506

    Quite a long report as it contains all the activities of there listed investments (MTE, CBX, PMQ, ORM)

    MLM share price = $0.23

    NTA @ 30/7/10 = $0.36

    Discount to NTA = 37%

  9. #19
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    Quote Originally Posted by shasta View Post
    MLM - June Quarterly Activities & Cashflow Report

    http://www.stocknessmonster.com/news...E=ASX&N=222506

    Quite a long report as it contains all the activities of there listed investments (MTE, CBX, PMQ, ORM)

    MLM share price = $0.23

    NTA @ 30/7/10 = $0.36

    Discount to NTA = 37%
    Will update the MLM's NTA figures after close of play tonight

    MTE - Takes option to invest in Indonesian Coal projects

    http://www.stocknessmonster.com/news...E=ASX&N=223226

    Remember the chinese have pumped $30m into MTE & they have some prime real estate in the surat basin (the CSG hot spot)

  10. #20
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    Quote Originally Posted by shasta View Post
    Will update the MLM's NTA figures after close of play tonight

    MTE - Takes option to invest in Indonesian Coal projects

    http://www.stocknessmonster.com/news...E=ASX&N=223226

    Remember the chinese have pumped $30m into MTE & they have some prime real estate in the surat basin (the CSG hot spot)
    MLM share price = $0.255

    NTA = $0.38

    Discount to NTA = 33%

    MLM's market cap @ $0.255 = $31.9m

    So for $31.9m you get:

    Cash Est @ 31/8/10 = $5.5m*

    Listed Investments:

    MTE $23.6m (@ $0.295)
    CBX $12.7m (@ $0.33)
    PMQ $4.8m (@ $0105)
    ORM $0.8m (@ $0.047)

    Total LI = $41.9m

    * Cash @ 30/6 was $7.1m (Less: Est Sept Qtr Exploration & Development costs $1.95m, + Admin expenses $0.45m = $2.4m x 2/3)

    Plus all of MLM's own projects that have NO value attributed to them!

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