Agree, sounds too me they haven't an iota want of exploring anything at this stage.
You can deal with small holdings by getting value into the company by SP appreciation. MRR has a lot of cash, so should be acquiring an asset of potential and hopefully that potential translates to a mineral resource which then appreciates the SP. Should have done this later and focus on exploration in the now. Company has the wrong priorities IMO.
Kept them on my watchlist because of its good cash position and the fact they are well placed for an acquisition. Seems not much will happen to November. Wrong priorities IMO
All IMO
Ann: Less than Marketable Parcel Share Sale Facility, page-10
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Last
1.0¢ |
Change
0.000(0.00%) |
Mkt cap ! $10.30M | |||
| Open | High | Low | Value | Volume |
| 0.9¢ | 1.0¢ | 0.9¢ | $11.10K | 1.195M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 12 | 7970333 | 0.9¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 1.0¢ | 2432770 | 4 |
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| Last trade - 14.48pm 19/07/2024 (20 minute delay) ? |
| MRR (ASX) Chart |