Ann: Trading Halt, page-8

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Thebigonion

354 Posts.

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30/01/25

09:58

Post #: 77617782
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Originally posted by Thebigonion: ↑

Agreed, I wasn’t expecting this for a few months—possibly after the metallurgy and titanium drill results.
On the upside:
Stable Cash Position: We're not in a dire cash situation, which means we can limit the discount. Last quarter, we had $2.7M, and given our relatively low burn rate—even with recent drill programs—I’d estimate our cash position is still around $1.5M–$2M. Additionally, we have a strong pipeline of projected news flow that should attract investors ahead of key announcements.
Sufficient Capital for Key Milestones: This capital raise should provide enough funding to see us through to a mining decision while still allowing us to drill out the uranium and titanium. Any positive news from our other assets should boost our market cap, reducing dilution when we eventually raise capital for production.
Colin has handled capital placements well so far, with minimal discounts. In fact, the 2022 raise was at a 10–15% premium, which is promising.

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Correction to the above:
The cap raises in 2022 was mostly at a premium but did include an attached option at 10c for 2 years, the value of which would be covered by the premium

The 2024 CR for 1.25M was at 0% premium.

Think the point still stand that Colin be pretty consistent with CR.
MEU Price at posting: 6.3¢ Sentiment: Buy Disclosure: Held
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(20min delay)
Last 3.8¢		Change 0.001(2.70%)		Mkt cap ! $43.59M

Open	High	Low	Value	Volume
3.8¢	3.8¢	3.8¢	$442	11.62K

Buyers (Bids)

No.	Vol.	Price($)
7	242633	3.7¢

Sellers (Offers)

Price($)	Vol.	No.
3.8¢	319999	2

View Market Depth

No.	Vol.	Price($)
7	242633	0.037
4	570000	0.036
7	812242	0.035
1	29411	0.034
2	590939	0.033

Price($)	Vol.	No.
0.038	319999	2
0.039	20000	1
0.040	1260628	3
0.041	265111	2
0.042	805135	3

Last trade - 09.59am 29/07/2025 (20 minute delay)

MEU (ASX) Chart

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Ann: Trading Halt, page-8

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