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@Schrecki MMS announced on Feb 14th the Funding Mandate with Tulshyan Group. SP nearly doubled within 24h. Shortly thereafter pre-IPO was filled and IPO has been started. Now let's be honest: what should have been handled differently? There is only one reason why IPO is still open and MMS SP is down - a depressed sentiment in Li stocks (since 01/2017) and iron ore stocks (since end of Feb). However, this has nothing to do and has not been altered MMS's future prospects. Unfortunate timing...just be patient, IMO.
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Anonymous But within a few weeks the space dropped back down double of what it went up to
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Anonymous They need to provide an update on how the ipo is doing
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wiz099 We will have a nr about full subscribed ipo closed on monday or tuesday
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@Schrecki I fully agree. Anything else would be a surprise.
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@RonVachiyer @wiz099 you know this how?
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Anonymous Man's just throwing things out there
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@RonVachiyer his opinion is as valid as yours, anon. except perhaps that he took the time to grab a handle
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@Schrecki Tulshyan should have a very active interest that MMS IPO will become a success in order to protect their own capital and their future plans!?!
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@SergioD Well the IPO is supposed to close on May 2, so Monday or Tuesday is not a reach :)
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@SergioD @Schrecki This is a good point. Tulshyan didn't just offer the mandate and then take no stake in the project (in which case he wouldn't lose if he cancelled it). He took a position in the MMM pre-IPO, he received MMS shares, and is likely involved on the IPO side too. He has a vested interest in making sure that his choice is profitable. Even more important is that someone of his stature usually only makes profitable choices (MMM being one of them :) ).
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@Schrecki Absolutely right. It would be only logical to do so. Hopefully Tulshyan sees it the same way :-).
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Anon Iron ore prices are dropping so you never no if he decides to change his mind since it's a non excludes mandate. Let's hope all goes smoothly
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@VikChitra True but their realationship goes back in previous years so they know each other quite well
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@VikChitra $MMS nice write up about them in Australian Financial Review regarding #lithium #ironore https://twitter.com/macminltd/status/857365472123117569
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Anon @VikChitra Let's not forget they were close back then, but it ended up falling apart. Also, great article. Do you have the link so we can read it as I can't seem to find it? Thanks
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Anon They should do an article for mms.tsx to help boost our sp!
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@OGrady Excellent article nice find. The word is getting out...the difference this time from last is they are getting the iron ore up & running.Time also to get very excited about lithium...
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@VikChitra Thanks @OGrady looking good
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Anon What would happened to mms if iron ore prices drop below $50? The whole market is currently still going downwards which are scaring investors
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@VikChitra $MMS link to download article posted by AFR. https://twitter.com/macminltd/status/857430972748275712 #lithium #ironore
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Anon Appreciate it. Iron down to $66. How will this affect mms? http://www.marketindex.com.au/iron-ore
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anonymous Annon the bashing machine
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@Edp007 At the moment it's good for mms. As iron ore dips folks take money out of CIA of the world. They are iron ore investors so they just wait a bit for the next good ore opp. Once mms gets into action there will be a lot of iron ore investors on the side with money looking for something new and good.
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@SergioD Wow, I just put an order through for 80k at 9.5cents, it got filled instantly and didn't affect the current bid/ask spread on the TSXV - alternate exchanges, you have to love it...
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@SergioD That means the games and illusions are still a go. Probably a good sign if someone is still trying to get cheap shares.
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@OGrady @SergioD so there wasn't 80k on the big board so they take it from the TriAct - M? It reminds me of a relief valve principles..(outlet when there is too much pressure..lol)
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@SergioD @OGrady Exactly, I was planning on buying up the 9.5 cents and heading into the 10 cent range. Instead my order got directed to the CC alternate exchange, and there remained 0 volume on the CA exchange as if nothing had happened.
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@RonVachiyer well a theory - market buys are filled by ATS to keep volume to zero, market sells are filled by the bids to lower the price (which hasn't happened today, or those sells aren't showing up on the board either). ??
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@SergioD Makes sense. There hasn't been too much selling though, so their plan is working so well, lol.
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@RonVachiyer anyway the next milestone is in sight. hopefully all going to plan
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Anon I do recall how we hope the sp will rise closer to ipo closing but it doesn't look like it will so far. Come on mms!!
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@SergioD @Anon Yes, that is why I bought this morning, because I think the price will go lower.
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@VikChitra Amazing strategy @SergioD! Lol
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@Mimibegalo @SergioD I like your strategy
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@RonVachiyer thanks for the chuckle @SergioD with today's market overall I needed that ;)
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@SergioD lol :)
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@VikChitra Agree guys stay strong. Given the market conditions CIA is still staying strong with market cap approx $380m
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@VikChitra also good news with $PLS today, should boost #lithium stocks
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@Schrecki News with $PLS today? Boost in Li stocks? Did I miss something :) ???
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@strakpao I like the way the 10c ask is staying put.
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@VikChitra $MMS yes Rumour of $PLS and GanfengLithium deal. Check out Joe Lowry tweet https://twitter.com/globallithium/status/857584713774624768
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@VikChitra $MMS Nice article on $PLS future and its resources which is in the same neighbourhood as us. Pilbara Minerals - Lithium Is Out Of Favor So Shares Are On Sale $PILBF http://www.seekingalpha.com/article/4066111
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Anon Problem is even such a great deal, it didn't boost the sp
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@Schrecki @VikChitra Not officially confirmed. We'll see what happens. In any case, should bring more attention to Li stocks again. Many thanks.
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@Trooperhobo @vikchitra. reading your post. are you saying MMS is part of this deal with $PLS?
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@VikChitra No. A good part of our lithium claims is located in Pilbara where PLS and AJM are
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@VikChitra @Schrecki agree rumour big close. No problem
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T Let's focus on posting news that will actually help mms instead of other companies.
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@VikChitra We'll focus on both including fundamentals Mr.T
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