MEU 1.37% 3.6¢ marmota limited

Estimated maiden JORC at Aura Tank, page-53

  1. 526 Posts.
    lightbulb Created with Sketch. 154
    agree on all points

    1. management don't pay themselves big salaries - GOOD
    2. finalising the JORC @ Aurora is taking a long time - FRUSTRATING
    3. Reason for the delay is they keep finding positive grades ultimately growing the resource - GOOD
    4. they will prob need more cash in the next 12m (hopefully after they have some positive results + ann commencement of feasibility etc) - INITIALLY FRUSTRATING BUT ULTIMATELY POSITIVE

    Additionally
    5. management own plenty of shares they've paid for! - POSITIVE

    colin has said management will stop firming up aurora ground and start mining once they have a dud exploration campaign. in his own words "it will happen"

    more positives here then negative in my opinion
    Last edited by 392649: 04/01/22
 
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