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Mason Resources Inc V.LLG

Alternate Symbol(s):  MGPHF

Mason Resources Inc. is a Canada-based company. The Company is focused on identifying, evaluating, and pursuing business investment opportunities. The Company holds shares in Black Swan Graphene Inc., which is focused on the large-scale production and commercialization of patented graphene products aimed at several industrial sectors, including concrete and polymers.


TSXV:LLG - Post by User

Comment by Ogopogo26on May 25, 2024 9:56am
96 Views
Post# 36057186

RE:RE:Good news from the US

RE:RE:Good news from the US

Nope, that's not how the math works.

Mason current market cap is about $17mn, (141mn shares at $0.12). They own 6.2mn shares of NOU, at $2.8, so coincidentally almost equal to their current market cap. So if that stake doubles in value, Mason share price should double as well. Whether it will, that's another question, but certainly will be more than 9% and at some point, when lockup ends, Mason can monetize this asset.


On top you get SWAN stake and NIX stake and cash for free, but that's another point.

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