I have a small holding in AWJ. Tiny mkt cap.
AWJ entered a profit sharing agreement with a mining contractor to develop and mine an open pit on one of its tenements. The ore is then toll treated by a third party.
This has been very successful and AWJ have banked a few million, without the need for CRs or the expense of buying/leasing a mining fleet etc...
This has been achieved with 3 years of listing.
MEU could easily do the same.
But does management really have the appetite to ever get this done.
Been holding 3 years and live in hope.
JORC Aurora Tank, page-4
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Last
3.6¢ |
Change
0.000(0.00%) |
Mkt cap ! $39.11M | |||
| Open | High | Low | Value | Volume |
| 3.7¢ | 3.8¢ | 3.6¢ | $12.47K | 337.5K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 2 | 1443154 | 3.6¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 3.9¢ | 480415 | 1 |
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| Last trade - 15.52pm 08/11/2024 (20 minute delay) ? |
| MEU (ASX) Chart |