TheSharePriceCatalystsmightbe?Below is my own research and not financial advice
1)thecontinuationofdrillingreportsatKokoMassava,another74holes.$$$’s
2)theextensiondrillingreportbeyondthe20squarek’satKokoMassava.$$$’s
3)thedrillingofPoiombo,NhacutseafterKoko$$$’s.
3)theassayscomingoutofPerthlab.$$$’s
4)thepermittobegrantedforthedrillingofLinhuaneprospect.$$$’s
Theonethatpeople(market)willbetakenbysurpriseiswhennumber:-
5)theysellNorrlidenSweden.$$$’s
thiswillgiveMRQmore$$$’stotheirbankbalancewithouthavingtorattlethetinanddilutionwhichmanagementwishtoavoid.
AIMHOsoDYOR
regardstoallandmerryChristmas
Nothing to fault here. Management are doing a spectacular job.
The drilling activity forecasted for Q12020 in conjunction with 2 expected assay results in January, married with a third expected result in February - one would be hard pressed to find a mining junior with this level of forthcoming news. Junior as in proper junior - market cap less than 50 million - that's where the leverage is.
Management said no to an enormous amount of good, average, decent, OK mining acquisitions in the hot metals two years ago - lithium, cobalt, graphite, copper etc. What a master stroke to ignore the noise.
I'm sure after this weeks performance, mineral sand acquisitions will become more attractive in 2020 - especially with the market fundamentals being promoted by Iluka (ASX:ILU) of a forthcoming structural supply deficit.
ASX interest in minerals sands is perhaps best conveyed through this 2018 takeover of Mineral Deposits (now delisted of course, but formerly ASX:MDL) in Senegal by Eramet (French Company):
https://www.copyright link/companies/mining/mineral-deposits-labels-eramet-bid-inadequate-20180510-h0zvk6
Many well regarded Australian Funds on the MDL register - Allan Gray, Sandon Capital and Thorney Investments. Forecasted revenues impressive.
Legitimate and credible interest displayed.
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Mkt cap ! $8.134M |
Open | High | Low | Value | Volume |
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Buyers (Bids)
No. | Vol. | Price($) |
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29 | 19752468 | 0.3¢ |
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Price($) | Vol. | No. |
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0.4¢ | 21802270 | 12 |
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No. | Vol. | Price($) |
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28 | 17752468 | 0.003 |
18 | 16199976 | 0.002 |
27 | 41451053 | 0.001 |
0 | 0 | 0.000 |
0 | 0 | 0.000 |
Price($) | Vol. | No. |
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0.005 | 21476666 | 14 |
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