MAR 0.00% 0.1¢ malachite resources limited

malachite - mar & maro

  1. 2,839 Posts.
    Another interesting sitter, creeping up just a little as each day goes by, and is now within a cent of the issue price, taking the half option into account.
    MAR & MARO, last trades @ 16 and 6 cents respectively. (16 + 3 = 19 cents). A large portion of the 642.5k MAROs traded so far today went through at 7 cents.
    Malachite are very tightly held and the majority of the lower prices we saw recently were as a result of "forced" selling.
    Drilling commences January 18th next year, with option buyers showing their faith by paying just shy of half the FPO price. Options are long dated, Feb. '06 and excersiseable at 20 cents.
    Good luck to fellow holders...."there's silver in them there hills"
    Cheers all,
    Carl.
 
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