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

MEU

Click for more information

2.50%

3.9¢ marmota limited

Ann: Aurora Tank Gold - Diamond Drilling has Commenced, page-47

First 47 Last

Share
Profile

Follow
jwoody1000

5,139 Posts.

573

06/09/21

18:05

Post #: 55871079
Share

Originally posted by GeoFiji: ↑

@stag11 I agree with your view, we are moving too slowly to capitalise on the current commodity price boom. We run the risk of the market going down without MEU even firing a shot. I have recently sold 1 Million MEU shares to reduce my exposure to this scenario. I believe the uranium leases and resources are valuable to Boss but without a stand alone licence less valuable than they could be. The AT gold project is very exciting but no deeper drilling means we will not know for at least another year what happens at depth and if we have another 1 million ounce deposit like Challenger. How can we not have a JORC resource at AT after so many years?

Exploration go in cycles. Whilst money is very easy to raise you do this and spend on exploration to catch the commodity prices. Now is not the time to be hoarding cash. Go and raise $20 million and get on with it! Or JV for significant expenditure sums, anything to get things moving.

I have retained some exposure to MEU shares but I see better short to medium term prospects elsewhere, e.g. AZY, IMU.

Expand

i had the understanding that it was thought it is a shallow resource, and hence cheap to mine. Gold of course maybe at depth too, but if we have enough to get going the deep drilling can be done when ever.

MEU Price at posting: 4.4¢ Sentiment: Hold Disclosure: Held
2 Upvote

0 Great analysis

Reply

Top Stories

INA

Ingenia shares jump 7% on strong revenue and earnings figures

Banking on ANZ in this week's Hot Stock tips

USL

'Joaquin Silver District' acquisition to become a key asset for Unico

CC9

Chariot locks in high-potential drill target at Black Mountain, one of the USA's largest lithium landholdings

UNT

UNITH hard launching AI 'digital human' platform too 600+ companies as AI thematic survives sell-off

There are more pages in this discussion • 2 more messages in this thread...

First 47 Last

Add MEU (ASX) to my watchlist

(20min delay)
Last 3.9¢		Change -0.001(2.50%)		Mkt cap ! $42.37M

Open	High	Low	Value	Volume
3.6¢	3.9¢	3.6¢	$8.346K	217.8K

Buyers (Bids)

No.	Vol.	Price($)
7	386027	3.6¢

Sellers (Offers)

Price($)	Vol.	No.
3.9¢	24999	1

View Market Depth

No.	Vol.	Price($)
7	386027	0.036
5	540000	0.035
1	200000	0.034
2	600000	0.033
1	87500	0.032

Price($)	Vol.	No.
0.039	24999	1
0.040	407741	3
0.042	299540	2
0.044	164994	2
0.045	205833	1

Last trade - 16.10pm 20/08/2024 (20 minute delay)

MEU (ASX) Chart

SPONSORED BY