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16.0%

2.9¢ mineral commodities ltd

Ann: Quarterly Activities Report, page-22

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Shellbell

7,776 Posts.

3307

01/02/23

20:18

Post #: 66015696
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Originally posted by sarosa: ↑

The Company is a cash burn until the nominal production of Inland Starnd material which would be next quarter at best. Delays and changes are not unusual in MRC.

Unfortunately, I can't see any progress or plan for the Graphite business due to a lack of cash, management issues, etc. Munglinup has been selected as one of three Graphite projects in the Australian Critical Minerals list by the government in December 2022, but there is no mention of it in the quarterly:

https://www.globalaustralia.gov.au/sites/default/files/2022-12/Australian_Critical_Minerals_Prospecuts_2022_Dec22.pdf

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There is mention of our Munglinup project development in the Qtrly.... page 10.

Also for the record, MRC has 90% of the project and Gold Terrace 10% as of completion of the DFS in 2020 (and not just 51% as stated in the documentation that Spid posted)...

Last edited by Shellbell: 01/02/23

MRC Price at posting: 6.6¢ Sentiment: Buy Disclosure: Held
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Last 2.9¢		Change 0.004(16.0%)		Mkt cap ! $28.54M

Open	High	Low	Value	Volume
2.6¢	2.9¢	2.5¢	$2.494K	96.87K

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Price($)	Vol.	No.
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No.	Vol.	Price($)
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3	323122	0.020

Price($)	Vol.	No.
0.028	80000	1
0.029	100000	1
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0.033	317069	2
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