M4M 7.69% 2.8¢ macro metals limited

Ann: Change in substantial holding - Tolga Kumova, page-15

  1. 217 Posts.
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    The market cap is now only about $100m. I didn't go to the AGM but was told they reckon they will be approaching production by the end of year with a fairly substantial low-cost project. That alone would be worth a multiple of the current price. They are going to drill a huge anomoly at Goldsworthy before the end fo the year also, which means we will have the happy combination of a blue-sky bet underwritten by near-term production. The directors are claiming they have the pipeline of projects to build a tier two iron ore company, which means they are targeting a $1bn plus company. They certainly have the team to do it. This is why so many people have bought and are holding the stock. If the directors own 25% plus, looking at volumes over the last couple of months, the great majority of this stock must have been mopped up by now.
 
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Last
2.8¢
Change
0.002(7.69%)
Mkt cap ! $100.7M
Open High Low Value Volume
2.7¢ 2.8¢ 2.7¢ $31.72K 1.134M

Buyers (Bids)

No. Vol. Price($)
5 647592 2.7¢
 

Sellers (Offers)

Price($) Vol. No.
2.8¢ 455694 4
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Last trade - 14.26pm 16/08/2024 (20 minute delay) ?
M4M (ASX) Chart
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