MRD has held up nicely during this turbulent market. The way the 0.09s are being accumulated and players like Acorn Capital LTD have been accumulating shares, I think this is a strong indication of the quality REE prospects that MRD are aiming for/sitting on. I do also find the size of the land holding amazing and the fact they mention in the presentation that they have only drilled on 2% of the land (25km long & 3km wide) and the mineralisation is "open in all directions".
Another strong hint at the type of resource MRD are sitting on, is the reference to the IXR type of resource in the ground at Mount Ridely. The difference of the two being that whilst Uganda is a stable nation, its neighbours are not. Western Australia is as safe as it gets, our own backyard girt by sea
Drilling should kick off soon as mentioned in the the first quarter of 2022 and we are already half way through February.
GLTA & DYOR.
Ann: Becoming a substantial holder, page-32
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Mkt cap ! $11.67M | |||
| Open | High | Low | Value | Volume |
| 0.1¢ | 0.2¢ | 0.1¢ | $12.33K | 11.32M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 145 | 398167484 | 0.1¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 0.2¢ | 132323130 | 74 |
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| Last trade - 10.04am 31/05/2024 (20 minute delay) ? |
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| Open | High | Low | Volume | ||
| 0.2¢ | 0.2¢ | 0.1¢ | 3800000 | ||
| Last updated 10.37am 31/05/2024 ? | |||||
| MRD (ASX) Chart |