Seems to me that if somebody tried to buy 30 million shares of MMY on the open market, all of us stockholders would have big smiles now. Instead Baldock gives away cheap shares to his friends and we're stuck in the mud here. No valid reason for this PP either since MMY has more than enough cash to complete the test drilling, pre-development, and economic analysis on Mengapur which won't be done before November. In the meantime, Selinsing is generating $4 million in monthly income. MMY has no use for the money from the PP now, unless Baldock and the BOD plan to make more loans to Vergis.
Baldock may be doing a good job for his European friends, but not us.