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Bullboard - Stock Discussion Forum Melior Resources Inc CCJMF

Melior Resources Inc is focused on assessing, developing, and operating resource projects. It is engaged in the exploration and development of mineral properties in Australia. Its primary project is the Goondicum Ilmenite located in Queensland Australia, an ilmenite and apatite mining and processing facility near the town of Monto in Queensland.

GREY:CCJMF - Post Discussion

Melior Resources Inc > Shares issued and available
View:
Post by westcoast1000 on Jun 22, 2018 2:47pm

Shares issued and available

After consolidation, MLR has about 29 million shares overall. Of that total, about 73 percent are owned by Pala, Takota and one other firm, all of whom participated in the previous financing.

That means there are only about 8 million shares circulating among all other shareholders.

One can buy .5 of one percent of that float for about $36 K. 

Given the potential here, this is a good opportunity.
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