I think it will take a significant amount of additional drilling to sustainably increase retail investor confidence in this company again. Momentum has been lost here, along with general sector flakiness. Today’s MRE on its most significant project (one of five in Europe, which imo is far too many anyway for a AU$22m micro cap to be spreading itself so thinly over) has only generated about $30K in trade so far today, despite the headline % rise. I get the impression the company is a part time hobby for directors and management rather than a future force to be reckoned with.
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