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4.88%

21.5¢ many peaks minerals ltd

Ann: Investor Presentation - March 2024, page-33

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SilverFox88

4,173 Posts.

1314

03/04/24

09:57

Post #: 73161757
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Originally posted by SilverFox88: ↑

I will reply for the sake of the mums and dads, the batters, who might be reading this. People who might be looking for that one BIG BREAK. Aren't we all?

Money is the life blood of exploration companies. They will need to raise cash, and they will do so at a discount. Today's announcement is good I'm not denying that. That''s why I'm here. But a big move like this, on an acquisition, is just a sugar rush. A LOT OF TIME AND MONEY will be expended before anything concrete comes to pass, if it comes to pass at all. And in the meantime, it becomes a game of musical chairs. People sitting on big paper profits are content to keep dancing to the music, until they sense the other players eyeing a seat. Then it becomes a rush for the exits.

Remember folks, the right thing at the wrong price, is the wrong thing.

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CR, as expected. One free option for each three new shares. No urgency to take a position here. This will most likely trade below the placement price, as placement holders "option harvest".

MPK Price at posting: 20.5¢ Sentiment: None Disclosure: Not Held
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0 Great analysis

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(20min delay)
Last 21.5¢		Change 0.010(4.88%)		Mkt cap ! $10.72M

Open	High	Low	Value	Volume
21.5¢	21.5¢	21.5¢	$538	2.5K

Buyers (Bids)

No.	Vol.	Price($)
1	800	21.0¢

Sellers (Offers)

Price($)	Vol.	No.
21.5¢	50000	1

View Market Depth

No.	Vol.	Price($)
1	800	0.210
2	60109	0.205
2	200000	0.200
1	5755	0.190
3	115466	0.185

Price($)	Vol.	No.
0.215	50000	1
0.230	93837	2
0.235	54255	2
0.240	50000	1
0.250	23051	3

Last trade - 10.07am 27/05/2024 (20 minute delay)

MPK (ASX) Chart