A lot of rubbish and down ramping going on here - always a good sign for a buy.
Yes, things have been slow and the price reflects that, but in terms of risk vs reward the current levels seem crazy.
46m shares, sub $3m mcap and circa $500k EV. Directors hold circa 13% so plenty of skin in the game. Sentiment can quickly change (and a few interesting things going on that could signal some M&A activity).
- M3 Energy incorporated late FY23.
- 1m Performance options issued to MD to deliver an "advanced exploration project"
- 2-year options issued to key staff with 19c strike.
Follow up gold drilling should be very close (7km magnet low identified, 10m @ 240 g/t).
Hopefully some worthy news flow is close - let's see.
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Mkt cap ! $2.991M |
Open | High | Low | Value | Volume |
0.0¢ | 0.0¢ | 0.0¢ | $0 | 0 |
Buyers (Bids)
No. | Vol. | Price($) |
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1 | 1933 | 5.0¢ |
Sellers (Offers)
Price($) | Vol. | No. |
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5.4¢ | 20709 | 1 |
View Market Depth
No. | Vol. | Price($) |
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1 | 1933 | 0.050 |
1 | 1739 | 0.047 |
1 | 115500 | 0.046 |
1 | 200000 | 0.045 |
1 | 22500 | 0.041 |
Price($) | Vol. | No. |
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0.054 | 20709 | 1 |
0.055 | 226122 | 1 |
0.057 | 16325 | 1 |
0.059 | 40000 | 1 |
0.060 | 39924 | 1 |
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