M4M 6.45% 2.9¢ macro metals limited

The market cap is now only about $100m. I didn't go to the AGM...

  1. 205 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
2.9¢
Change
-0.002(6.45%)
Mkt cap ! $104.3M
Open High Low Value Volume
3.0¢ 3.0¢ 2.9¢ $106.0K 3.533M

Buyers (Bids)

No. Vol. Price($)
6 468964 2.9¢
 

Sellers (Offers)

Price($) Vol. No.
3.0¢ 167744 1
View Market Depth
Last trade - 16.10pm 17/06/2024 (20 minute delay) ?
Last
3.0¢
  Change
-0.002 ( 0.00 %)
Open High Low Volume
3.0¢ 3.1¢ 2.9¢ 617325
Last updated 15.44pm 17/06/2024 ?
M4M (ASX) Chart
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