There is no chance that MEP ‘sinks’ - it is Solid .
Just with ultra polite , naturally steady , older wiser & careful strong management , who also never spruik .
These are the original guys who , really , helped or made Oz minerals. (OZL - who also hold some MEP & have them as their exploration geological scouts in the greater Cloncurry/ Mt Isa region looking for Ernst Henry style elephants )
Hence - in a circuitous route , OZL also had a part in original tenements now with ADN. OZL also owns a % through MEP .
MEP also has longterm loyal holders , though they could , would feel annoyed with the shareprice lapse in recent years , they’ve mostly done well in every capital raise and with given tax credits . Many will have a pattern of selling down shares to take up the cap raise offer ? I know I’ve done this in the past .
Last year was very annoying as the shareprice dropped after the capital raise ! ( and comments by the chairman which indicated be some delay expected from Oz Min in further drilling at the Cloncurry main discovery - all totally in OZL hands as to timing , and an indication via options rolled forward that be until Oct this year before re- test of sub 10c levels again)
Longtermers know that the Minotaur board , think years out - decades really .
The to -be fruition of all , you can see ahead in the next years.
The last test down which held above 4c ( on longerterm chart ) shows the final turnaround is in place - TA , as well as definitely on fundamental holdings. It’s just that the market ain’t seeing what is going on there .. but with shared value held here .
And this is what I meant !
**Literally at risk = 25% of ADN & MEP’s combined very valuable project with all of the huge work that has gone into it -including in the past groundwork by Minotaur , and JM now . Too much has gone into this under his helmsmanship to see such a disparity .
Minotaur is being manipulated . They even are cashed up !
MEP is the easier , latent fry right now . ? Can see .
It isn’t actually good at all . It will be good to get past today - and the last of the shareholder equal terms as weeks ago , capital raising.
Surely—- **Phone calls should be made ?? **
Even if someone were selling and the evidence isn’t there for this today , the Chairman & CEO’s should be onto this .
Cheap shares of effectively the Great White Project are potentially a drag , and at worst give a leg up to an acquirer ?
On another level - it is interesting. But it’s bad also for Andromeda. ( and the nett real worth of what a Minotaur holds and has as created NPV)
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Last
0.8¢ |
Change
0.000(0.00%) |
Mkt cap ! $27.14M |
Open | High | Low | Value | Volume |
0.8¢ | 0.9¢ | 0.8¢ | $10.93K | 1.352M |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
52 | 18550853 | 0.8¢ |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
0.9¢ | 31466854 | 24 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
46 | 16773353 | 0.008 |
34 | 18981616 | 0.007 |
17 | 8048546 | 0.006 |
12 | 8468333 | 0.005 |
2 | 5000000 | 0.004 |
Price($) | Vol. | No. |
---|---|---|
0.009 | 31441213 | 23 |
0.010 | 24254238 | 14 |
0.011 | 16613479 | 8 |
0.012 | 15258100 | 7 |
0.013 | 2351111 | 6 |
Last trade - 16.10pm 06/09/2024 (20 minute delay) ? |
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ADN (ASX) Chart |