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23/07/24

16:51

Post #: 74877945
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Originally posted by Abs006: ↑

I don't get why you worry about the trading at the moment.
There is no manipulation happening. There literally is no interest at the moment.
10M on a trading day is about 0.2% of the shares on issue notwithstanding all the options that will likely be exercised on top.
The value of the trades are clearly so small that they are probably amateur daytraders or just small retailers shifting their money elsewhere.
Those small sales are just unsold lots from an original higher quantity sale. There is no need to sell 3 shares at 0.03 to keep the SP down because there are heaps more at the same price.
Macro are still an explorer and penny stock. Large institutions and large retailers do not touch these.

Read their Forward Looking Statements in their announcements.
"This announcement may include forward-looking statements. Forward-looking statements are only predictions and are subject to risks, uncertainties and assumptions which are outside the control of the Company. Actual values, results or events may be materially different to those expressed or implied in this announcement. Given these uncertainties, recipients are cautioned not to place reliance on forward looking statements. Any forward-looking statements in this announcement speak only at the date of issue of this announcement."

Until they go into production or some amazing numbers comes out from a JORC the SP will hover around these prices with low volume.
A market cap of $100M is already about its potential. There is nothing more that will happen until the accurate numbers come out of Goldsworthy or the other smaller sites.
This is a classic put it in the bottom draw and come back in a few months to see if anything has happened.
Looking at daily trades will drive you nuts.

We should hopefully see a pay day but nothing is guaranteed. If it was then the SP would be much higher now based on all the positive announcements.

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Disagree on one aspect, good time to quietly accumulate with a nice low average. Otherwise spot on.

M4M Price at posting: 3.2¢ Sentiment: Buy Disclosure: Held
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(20min delay)
Last 2.4¢		Change 0.000(0.00%)		Mkt cap ! $86.36M

Open	High	Low	Value	Volume
0.0¢	0.0¢	0.0¢	$0	0

Buyers (Bids)

No.	Vol.	Price($)
2	188461	2.6¢

Sellers (Offers)

Price($)	Vol.	No.
2.4¢	35047	2

View Market Depth

No.	Vol.	Price($)
2	188461	0.026
4	21227	0.025
11	3780941	0.024
5	2493289	0.023
4	327272	0.022

Price($)	Vol.	No.
0.024	35047	2
0.027	407000	4
0.028	111140	1
0.029	45000	2
0.030	3191775	7

Last trade - 16.12pm 26/08/2024 (20 minute delay)

M4M (ASX) Chart

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