I meant any negative result, not that there results have been negative. But, the reports that they have released have not helped the share price.
I just don't see how this stock can move forward.
- Low volume
- IPO overhang
- Need to raise cash next year
So, if you add any negative results, I think this stock will be gone.
I don't own any shares and not looking to buy right now. I just though the company looked cheap and was worth some consideration. After looking into it I think that even with good news. there will be too much resistance at the IPO price to give a significant upside.
I may come back if they can get back towards over over the IPO price.
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- Ann: Significant Gold Intercepted in Drilling at Chakata Project
MEG
megado minerals ltd
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2.70%
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3.8¢

Ann: Significant Gold Intercepted in Drilling at Chakata Project, page-22
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Last
3.8¢ |
Change
0.001(2.70%) |
Mkt cap ! $24.53M |
Open | High | Low | Value | Volume |
3.9¢ | 4.2¢ | 3.5¢ | $35.94K | 919.0K |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
1 | 6416 | 3.5¢ |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
4.0¢ | 247456 | 1 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
1 | 6416 | 0.035 |
1 | 6556 | 0.034 |
1 | 62668 | 0.033 |
1 | 40000 | 0.031 |
2 | 528333 | 0.030 |
Price($) | Vol. | No. |
---|---|---|
0.040 | 247456 | 1 |
0.042 | 35000 | 1 |
0.043 | 50000 | 1 |
0.045 | 35000 | 1 |
0.046 | 100000 | 1 |
Last trade - 15.05pm 31/07/2025 (20 minute delay) ? |
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MEG (ASX) Chart |