Analysis
Today's announcement is value accretive for Mutiny as it reaches another milestone in moving to production at Deflector.
There are still significant milestones ahead and catalysts to lift from the current share price of $0.125. These include the conversion of current resource to greater reserves as well as:
- Increase forecast annual production rate
- Completion of project finance
- Commencement of mine pre–strip and plant construction
The transformation from emerging producer to production is on track. Proactive Investors believes Mutiny Gold remains undervalued despite the recent re-rating. We consider a near term price of $0.15 is achievable.
proactive investors, page-2
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Last
82.5¢ |
Change
0.110(15.4%) |
Mkt cap ! $75.46M | |||
| Open | High | Low | Value | Volume |
| 76.5¢ | 85.0¢ | 76.5¢ | $78.82K | 100.0K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 5000 | 81.0¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 84.0¢ | 5651 | 2 |
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| Last trade - 15.51pm 19/07/2024 (20 minute delay) ? |
| MYG (ASX) Chart |