Post by
investright12 on Dec 24, 2019 4:34pm
Micron and Palladium One PDM
It seeems like mining stocks are starting to heat up.....take this line from Micron NR and the fact they have $3M cash and 2.5M shares of PDM
"Micron Waste Technologies Inc. has suspended development of the Cannavore waste digester system in light of changing market conditions."
"Concurrently, the board will actively seek to leverage the company's approximately $3-million working capital and 2.5 million shares of Palladium One Mining Inc. to review potential value-enhancing strategic acquisitions."
To me it means the company is looking for a new project in a hot sector....can that be mining??? Just guessing DYOD
Micron has appro $.05 share in cash and thats where its trading
Comment by
Destro65 on Dec 27, 2019 3:52pm
2.5MM shares 0.155 per share for PDM = $387K which is less than they spent on consulting and salaries in the last quarter for which financial statements have been released.