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
1.8¢ |
Change
-0.001(5.26%) |
Mkt cap ! $55.98M |
Open | High | Low | Value | Volume |
1.7¢ | 1.9¢ | 1.6¢ | $168.5K | 9.681M |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
3 | 1280465 | 1.8¢ |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
1.9¢ | 3304877 | 14 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
3 | 1280465 | 0.018 |
5 | 2293557 | 0.017 |
44 | 9412793 | 0.016 |
23 | 3598050 | 0.015 |
6 | 1815687 | 0.014 |
Price($) | Vol. | No. |
---|---|---|
0.019 | 3304877 | 14 |
0.020 | 4124343 | 21 |
0.021 | 4549579 | 7 |
0.022 | 947954 | 5 |
0.023 | 1940218 | 7 |
Last trade - 16.10pm 01/05/2024 (20 minute delay) ? |
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Last
1.8¢ |
  |
Change
-0.001 ( 0.00 %) |
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Open | High | Low | Volume | ||
1.7¢ | 1.9¢ | 1.6¢ | 5711757 | ||
Last updated 15.59pm 01/05/2024 ? |
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