Ann: Exploration Update, page-57

First 57 Last

Share
Profile

Follow
kevscranes

5,219 Posts.

935

30/12/24

22:10

Post #: 77221928
Share

Originally posted by Tigerthecat: ↑

It was obvious from the initial GWE results in late October that is was a duster, because the geophysics hadn’t worked. Hence the stock was heavily sold down.

Ever since then, the company commenced its pivot from an exploration company to a mine services company, rapidly announcing a series of deals and joint ventures to build up the necessary framework to start providing these services. This included the owner of a very large equipment supplier in WA, Paramount, making a personal cash investment to buy 10% of the company at 1c and joining the board. This is someone who is right in the middle of the mine services sector in WA. Obviously he wouldn’t have done that if he didn’t believe the company has great prospects in this business. It also means the company has ample cash and can hire whatever equipment it needs from Paramount to fulfil contacts.

The company has set a target of $300m of business by the end of this year. If it hits this target, This would make the company massively undervalued. Simon Rushton has track record on this, having built the same thing at MinRes, on an even larger scale. As soon as the first contracts get announced, Macro becomes a cash flow positive company.

it makes perfect sense to get all the bad news finally out over the Christmas break and clear the decks for 2025.

Expand

Exactly very well said. When panic strikes early sell and buy back later and collect some freebies.
Don't worry about the sp it will get up there.
It was just a flash crash.

Last edited by kevscranes: 30/12/24

M4M Price at posting: 1.1¢ Sentiment: Buy Disclosure: Held
3 Upvote

0 Great analysis

Reply

Top Stories

SGQ

St George banks $5M from placement to ramp up Araxá Rare Earths Project

Listen: HotCopper Wire Podcast 019 – Dreaming of the 9,000s

ASE

Astute delivers high-grade lithium hits at Red Mountain

ASX Market Close: Fading miners drag bourse as iron ore price slumps | July 25

Most investors will get this earnings season wrong. Will you?

First 57 Last

Add to My Watchlist

What is My Watchlist?

A personalised tool to help users track selected stocks. Delivering real-time notifications on price updates, announcements, and performance stats on each to help make informed investment decisions.

(20min delay)
Last 0.6¢		Change -0.001(14.3%)		Mkt cap ! $23.86M

Open	High	Low	Value	Volume
0.7¢	0.7¢	0.6¢	$2.772K	436.7K

Buyers (Bids)

No.	Vol.	Price($)
17	11341640	0.6¢

Sellers (Offers)

Price($)	Vol.	No.
0.7¢	3202551	6

View Market Depth

No.	Vol.	Price($)
15	10741640	0.006
12	7196016	0.005
5	15847523	0.004
2	1500000	0.003
4	3900000	0.002

Price($)	Vol.	No.
0.007	2102551	5
0.008	7293926	11
0.009	3562500	3
0.010	1240979	4
0.011	3954444	4

Last trade - 16.10pm 25/07/2025 (20 minute delay)

M4M (ASX) Chart

Ann: Exploration Update, page-57

St George banks $5M from placement to ramp up Araxá Rare Earths Project

Listen: HotCopper Wire Podcast 019 – Dreaming of the 9,000s

Astute delivers high-grade lithium hits at Red Mountain

ASX Market Close: Fading miners drag bourse as iron ore price slumps | July 25

Most investors will get this earnings season wrong. Will you?

Featured News

Buyers (Bids)

Sellers (Offers)

Featured News

Ann: Exploration Update, page-57

Top Stories

St George banks $5M from placement to ramp up Araxá Rare Earths Project

Listen: HotCopper Wire Podcast 019 – Dreaming of the 9,000s

Astute delivers high-grade lithium hits at Red Mountain

ASX Market Close: Fading miners drag bourse as iron ore price slumps | July 25

Most investors will get this earnings season wrong. Will you?

Featured News

Buyers (Bids)

Sellers (Offers)

Featured News