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Multi-Metal Development Ltd V.MLY

Alternate Symbol(s):  MLYCF

Multi-Metal Development Ltd is a Canadian mineral exploration and development company with mineral rights interests in the United States of America and Austria. The Company operates in two geographical areas, being Canada and the United States. The Company’s flagship project is the CuMo molybdenum project (the CuMo Project), located in Idaho, in the United States. The CuMo Project has two distinct layers of diversification: the upper half contains higher grades of silver and copper compared to molybdenum and the lower half is rich in molybdenum, with lower grades of silver and copper. The CuMo deposit is located at the south-western end of the Idaho-Montana Porphyry Belt within the Atlanta Lobe of the Idaho Batholith. Its Bleiberg Zinc-Germanium-Lead-Fluorite-Cadmium Mine Complex consists of 116 exploration licenses totaling 6,582.4 hectares, located approximately 130 kilometers south of the city of Salzburg, Austria.


TSXV:MLY - Post by User

Bullboard Posts
Comment by halcrowon Feb 24, 2016 2:13pm
287 Views
Post# 24590491

RE:RE:RE:Management information circular due out today

RE:RE:RE:Management information circular due out today
tfife wrote: Well, in your opinion "Crow" ... at what point should shareholders say enough is enough?  At what point should we say $.08 a share (Canadian) is just ridiculous and completely unacceptable?  At what point (if any?) should shareholders say this management team is incapable of raising the stock price even one cent, cannot get even get one institutional investor onboard, and cannot get even one legitimate (even remotely) reasonable offer from an investor?  Should shareholders just accept that the commodities market in general is a depressed market and the current valuation is not a reflection of management?  I like Shaun a lot but I don't have what I have invested because I want to support him and his family.  Management keeps getting new ' options'  (paper promises as you call them) and salary for FREE while I keep investing real cash for 'warrants' that expire without showing any reward at all???  WTF, no?  Is there not a "put up or shut up" moment?


If my memory serves me, in 2012 weren't you tied into that Moosie who went into partnership with Kyle MacClay to flog real estate or something like that in the USA?

As to accepting the commodities market...well, I hare to say it, but it is what it is. The price of moly has plunged from about $15 (U.S.) in mid-2014 to today's $5.50 (U.S.).

Thompson Creek has plunged from north of $3.25 in 2014 to today's 40 cents. MLY has pretty much remained flat during the same period (it did hit 14 cents last year, with a couple of other bumps since then).

As to not one institutional investor, what about the $500,000 (U.S) silver stream funding? That wasn't dilutive (would have added over five million shares at nine cents) and, should the second two debentures be picked up, that's another half million in the bank without more shares being added.

As to supporting Sean and his family...well, if you look at his stock purchases since January, 2015, he and his have bought a lot of paper both in PPs and in the market.

Here's your post from March 20, 2012, expressing unconditional support for the McClay-led current management as the "best option". You said "pathetic then, and I'll hang that "pathetic" back at you now.

tfife wrote:

How old are you?  Seriously.  Is this the dissident's "plan"?  To act like 5 year olds and pretend everyone else is dillusional to think the current management is the best option for now?  Luke is not the only one who thinks current management is the best option.  Your immature chatter alone on this blog reinforces my belief that the dissidents are the last folks who should be running things.  Pathetic.



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