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5.6¢ m3 mining limited

Not to the pockets of recent buyers. They're buying at a near...

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donteatme

9,295 Posts.

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17/04/24

15:38

Post #: 73390331
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Originally posted by Preston3 ↑

the only hit so far is to shareholders pockets

wait for next Tuesday when they issue 24 million new shares and 2 million more to the directors

I’ve said before that my guess is once issued they will announce an acquisition of a uranium play and try to create some excitement and a brief spike to allow all the ‘sophisticated’ placement buyers to sell out at a quick profit

leaving the ‘unsophisticated’ existing and new shareholders holding the baby.

they don’t seem in a hurry to announce do they? My guess they announce within the next couple of weeks, maybe end of next week.

I could be wrong so let’s see how the next few weeks play out. But normally the same story for lifestyle companies

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Not to the pockets of recent buyers. They're buying at a near zero EV into a company that is drilling in a very exciting area.

Anyway, thanks to the placement holders as I was able to get a few more at 5.6c and 5.8c, or maybe I should be thanking you @Preston3?

M3M Price at posting: 6.1¢ Sentiment: Buy Disclosure: Held
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(20min delay)
Last 5.6¢		Change 0.000(0.00%)		Mkt cap ! $3.272M

Open	High	Low	Value	Volume
0.0¢	0.0¢	0.0¢	$0	0

Buyers (Bids)

No.	Vol.	Price($)
1	172413	5.8¢

Sellers (Offers)

Price($)	Vol.	No.
6.7¢	100000	1

View Market Depth

No.	Vol.	Price($)
1	172413	0.058
1	100000	0.056
1	11138	0.054
1	162627	0.052
2	39999	0.050

Price($)	Vol.	No.
0.067	100000	1
0.070	48771	1
0.077	10000	1
0.079	50000	1
0.080	236181	3

Last trade - 08.30am 30/04/2024 (20 minute delay)

M3M (ASX) Chart

Day chart unavailable