M24 0.00% 1.2¢ mamba exploration limited

Looking far better in 2023 as it has been woeful investment so...

  1. 6,961 Posts.
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    Looking far better in 2023 as it has been woeful investment so far for many. The fact that management have mentioned in recent previous interviews that the M24 team are actually dreading January and February as they are going to be very busy tells you more about the work ethic and lack of acumen the M24 team have shown so far. They never forgot to mention they are well funded which is mainly due to moving these projects along at a snails pace.
    Expected news to come.
    Exploration Commitment: Mamba has committed to drill at least 10 holes and expend at least $25,000
    on exploration on E 70/5003 prior to the end of January 2023.


    - Fixed loop Electro Magnetic (FLEM ) survey has been completed at Black Hills . Modelling is underway with news expected early this month.
    Diamond drilling to commence by the end of the month.
    -Drilling southern Darling Range prospect - Q4 2022 or Q1 2023
    -Awaiting rock chip results from Don project anytime now
    -RC drilling at Calyerup Creek commenced updates to come
    -Assays from soil samples at Ord Hill copper prospect expected anytime now
    Ashburton Gold Project:
    • Soil sampling completed over historical stream sediment anomaly -
    assays pending
    Kimberly Project - pending results and a Detailed AEM survey scheduled begin this month.

    All in all with 61 million SOI, multiple projects, pending news and the fact that M24 is generally not a liquid stock unless there is news or anticipation of news could really assist a parabolic move forward with some decent assay results. It could multi bag with a $8 million market cap and such a low SOI with a high Top 20 % list of shareholders but it all depends the quality of news released and how well they sell it.

    Annual Report released 30/9/22.
    https://hotcopper.com.au/data/attachments/4939/4939168-61afb410e305e165dfe993b76c2c98c4.jpg

    Last edited by MajorJohnny: 01/01/23
 
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