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Originally Posted by absolut-advance
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
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Originally Posted by absolut-advance
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.
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Originally Posted by shasta
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%
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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%
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Originally Posted by shasta
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!
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Originally Posted by shasta
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
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Originally Posted by shasta
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
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Originally Posted by shasta
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%
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Originally Posted by shasta
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)
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Originally Posted by shasta
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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