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2.4¢ metals australia ltd

Ann: Diamond Drilling Underway at Lac Rainy Graphite Project, page-63

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Beard_of_Zeus

3,972 Posts.

373

03/04/19

10:28

Post #: 37973523
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Originally posted by auro ↑

Yes, initial drilling program to last 7-8 weeks costing around $600k. MLS should have around $1 mill cash so that is correct.

Yes should have said 2 mill not 3 to be raised after costs.

Question is how much they will actually get from this issue of shares. I have doubts whether they will be able to secure the full allocation with not great goodwill following continuous delays in the overall program.

Hopefully by “accelerate” they mean they will jump straight to the extended drilling following on from this initial 7-8 week maiden drilling program.

The one good thing I’ve always liked about this company is the lowish staff costs. Prudent financial management is very important when you are a company that relies on shareholder equity because you have no real income.

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The wisdom of the free oppie. Well worth taking up entitlement if you can manage to sell at .002 or higher, make profit and still have a free exposure.

MLS Price at posting: 0.2¢ Sentiment: Buy Disclosure: Held
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(20min delay)
Last 2.4¢		Change 0.000(0.00%)		Mkt cap ! $17.45M

Open	High	Low	Value	Volume
2.4¢	2.5¢	2.4¢	$16.19K	668.5K

Buyers (Bids)

No.	Vol.	Price($)
1	322188	2.4¢

Sellers (Offers)

Price($)	Vol.	No.
2.5¢	44250	1

View Market Depth

No.	Vol.	Price($)
1	322188	0.024
3	543043	0.023
9	3246180	0.022
2	442857	0.021
5	625000	0.020

Price($)	Vol.	No.
0.025	44250	1
0.026	136513	2
0.027	450600	3
0.028	115000	1
0.029	75000	1

Last trade - 15.41pm 30/09/2024 (20 minute delay)

MLS (ASX) Chart