Of course the SP will rise on 'fruitful' drilling results.
All of this about MTH being a potential multi-bagger means nothing. All stocks in the mineral exploration sector are potential multi-baggers. Take RXM & SFR for instance and their performances over 2009.
The trade with MTH at the moment is on the drill bit and unless MTH comes out with some solid drilling results from the current campaign, (tightly held or not) and the results are not encouraging the traders will send this thing straight to the woodshed.
For now, one can only sit back and wait for the results of the drilling campaign. The prospects are interesting, the EM survey gives some helpful definition to the targets and it's up to the drills and geo's to bring in some results.
AGM on Thursday in Adelaide, anyone attending from these threads?
Cheers,
Peggs
As always, DYOR.
under the radar and one to watch, page-12
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Last
49.5¢ |
Change
0.050(11.2%) |
Mkt cap ! $53.19M | |||
| Open | High | Low | Value | Volume |
| 46.0¢ | 54.0¢ | 44.5¢ | $2.498M | 5.029M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 677 | 49.5¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 50.5¢ | 73681 | 4 |
View Market Depth
| Last trade - 16.10pm 18/10/2024 (20 minute delay) ? |
| MTH (ASX) Chart |