MEI 1.06% 9.3¢ meteoric resources nl

General discussion (MEI), page-5530

  1. 3,451 Posts.
    lightbulb Created with Sketch. 211
    Hello. All that matters is the share price has fallen from 25 cents or so when Rick was discussing MEI down to 8.5 cents today. That is a fall of around 66%.

    If MEI must issue shares for 37.5% of the CAPEX, that is lots & lots of dilution. MEI is currently valued at $200M yet 37.5% of the CAPEX is AUD$227M
    Last edited by GKeden: 06/09/24
 
watchlist Created with Sketch. Add MEI (ASX) to my watchlist
arrow-down-2 Created with Sketch. arrow-down-2 Created with Sketch.