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Bullboard - Stock Discussion Forum 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... see more

TSXV:MLY - Post Discussion

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Post by GrandeRojo on Jan 16, 2022 10:17pm

Great News!

Like a lot of people on this board, I've owned MLY since it was MSQ.  We have been very, very patient.  Far more patient than we should've been.  You all know who you are.

This is not a sure thing by any means, but this is by far the most exciting news that we have had in a decade.  I've even reached out to one of our new Directors on Linkdin and got a reponse, and it was very positive!

Credit has to go to Mr. Dykes to pull this company from the jaws of defeat.

Let's hope our patience gets rewarded!

Might get very exciting soon.  Time to stgart buyinig even more.

GTLA
Comment by Roscoe2629 on Jan 17, 2022 11:23am
It's interesting that Andrew Brodkey, newly appointment COO, was formerly head of business development at BHP Copper. BHP is the largest mining company in the world. As head of business development he must have been been in charge of M&A, joint ventures, etc., which is exactly the kind of deal Cumo will be looking for. His experience and background couldn't be better for this situation ...more  
Comment by yixter on Jan 17, 2022 12:32pm
I got back in here because of new management and the huge resource not to mention the fact it is trading extremely cheap at the moment.
Comment by yixter on Jan 17, 2022 1:10pm
I guess the big questions now is do they bring in a partner with deep pockets, do a promo to get the sp up there, do a reverse split??? 
Comment by raber on Jan 17, 2022 2:05pm
i hope they do not ever do a roll back
Comment by michaelvim on Jan 17, 2022 2:11pm
There will be no roll back, it simply isn't needed. If you don't take my word for it, speak to mgmt, they will confirm this. This resource should be valued at min $100 million, imo or $.40/share.
Comment by yixter on Jan 17, 2022 2:42pm
Rollback was a topic of discussion not something management has said I agree this is very undervalued it's the kind of stock that could go up 200-300% and still be undervalued it's a sleeper but likely for not much longer with this powerhouse management team.
Comment by yixter on Jan 17, 2022 2:58pm
We are the largest shareholder in Idaho cumo mining fire which owns 100% of the cumo project does anybody know what percent we own??? Thanks
Comment by michaelvim on Jan 17, 2022 3:04pm
its close to 100% i believe. Call Dykes for verification.
Comment by fairdinkem on Jan 17, 2022 9:45pm
Not to worry.  MLY is very well positioned to enter the EV sector.  The MOLY story is that preliminary tests have proven that MOLY can make almost every EV battery up to 7 times stronger energy output, which extends the distance markers by a figure above 500% more energy in the battery output, also extends time to recharge by the same number of up to 7 times.  Some battery versions ...more  
Comment by Roscoe2629 on Jan 17, 2022 11:35pm
So lots of research suggests that Moly could replace cobalt as a critical ingredient in batteries? And this company has a new, high profile management team? And the market cap of the company is a little over $14mm? Are you kidding me? 
Comment by yixter on Jan 18, 2022 8:11am
I am pretty sure this has to be one of the cheapest resource stocks out there given the size of the resource.
Comment by Roscoe2629 on Jan 17, 2022 2:13pm
Why would they do a reverse split at this point? It looks like they will finance this thing through the US subsidiary and so may never raise another dollar at the Canadian company. 
Comment by raber on Jan 17, 2022 2:19pm
will the market buy on the usa side ? or cdn side ? how does one pick ? 
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