Australia's largest stock trading and investment forum Australia's #1 stock forum

MRC

Click for more information

0.00%

2.6¢ mineral commodities ltd

Ann: Quarterly Activities Report, page-22

First 22 Last

Share
Profile

Follow
Shellbell

7,999 Posts.

3430

01/02/23

20:18

Post #: 66015696
Share

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

Expand

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
2 Upvote

0 Great analysis

Reply

Top Stories

3DA

To make modern missiles, you need 3D Printing. And in that gold rush, Amaero is selling shovels

BTH

Bigtincan's Board backs Investcorp offer: Why a NASDAQ listing could be game-changing

IRX

InhaleRX gains approval for clinical trial to test non-opioid therapy for cancer pain

Week 46 Wrap: Copper hits 2mth low as Trump threatens net zero pace; US rally fades; HotCopper’s picks

GDM

Banshee's historic trenches prove rich in antimony and gold for GDM

There are more pages in this discussion • 63 more messages in this thread...

First 22 Last

Add MRC (ASX) to my watchlist

SPONSORED BY