Macarthur Minerals Ltd V.MMS

Alternate Symbol(s): MMSDF

Metals & Mining Industrial Metals & Minerals

Macarthur Minerals Limited is an Australia-based iron ore development, and lithium exploration company that is focused on bringing to production its Western Australia iron ore projects. The Company has three iron ore projects in the Yilgarn region of Western Australia and two exploration project areas in the Pilbara, Western Australia for targeting iron ore. In addition, it has lithium brine interests in Railroad Valley, Nevada, United States. Its iron ore projects include Ularring Hematite Project, Moonshine Magnetite Project and Treppo Grande Project. The Lake Giles Iron Ore Projects (Moonshine Magnetite Project and the Ularring Hematite Project) are located on mining tenements covering approximately 62 square kilometers (km2), 175 kilometers northwest of Kalgoorlie in Western Australia. The Treppo Grande Project covers an area of over 68 km2. The Pilbara Projects tenements include E45/5324 and E45/4735. The Reynolds Springs lithium brine project covers an area of around 18 km2.

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Macarthur Minerals Ltd > MIO vs MMS

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Comment by neoneilon Feb 08, 2021 10:20pm

143 Views

Post# 32509065

RE:MIO vs MMS

lithiums wrote: what is the difference

MIO +10.45% today MMS +3.55% now

Stock price of a dual-listed company like MacArthur are to be approximately the same in both jurisdictions, after taking currency differences (1.00 CAD dollar = 1.02 AUS dollars) and transaction costs into account. Otherwise, arbitrageurs will step in and exploit the price differences. That said, price divergences do occur from time to time like we are seeing now especially when trading hours do not overlap and there is a significant price move in one market.

There is a 16 hour trading difference between the TSX & ASX and they do not over lap. We will see a correction in the next few days if the SP’s do not correct themselves.

Nothing to worry about.

GLTA

n