Australia's largest stock trading and investment forum Australia's #1 stock forum

MTH

Click for more information

3.33%

14.5¢ mithril resources limited

I just re-read original announcement re sale of Spargos. Hmmm....

First 6 Last

Share
Profile

Follow
pterex

201 Posts.

9

02/05/16

11:54

Post #: 17651076
Share
Originally posted by Silvermarc ↑

That would all be great but they already sold 50% of Spargos They have until the 11th may to earn another 15%, then we would loose another 20% if they sole fund the Jorc
Leaving MTH with a whooping 15%
All for $100,000 aud.
Then they release this to us like it is meant to make me feel good??

A bit of a bad Joke if you ask me
I am glad I sold out most of my shares recently

Read for yourself below from the same report:

About the Spargos Reward Project
The Project is subject to the Spargos Reward Tenement Sale and Joint Venture Agreements with Corona Minerals Limited (“Corona”), whereby:

Corona has purchased an initial 50% equity interest in the Project tenements for A$100,000 cash,

Corona can earn a further 15% equity (for a total of 65%) by spending A$150,000 on exploration by 11 May
2016 and in addition,

Corona can elect to earn a further 20% equity (for a total of 85%) by sole funding exploration through to the
completion of a positive scoping study on a 2012 JORC Code Compliant Mineral Resource.

Expand

I just re-read original announcement re sale of Spargos. Hmmm. Oh well, the lithium might have one leg for MTH.
MTH Price at posting: 1.1¢ Sentiment: None Disclosure: Held
Upvote

0 Great analysis

Reply

Top Stories

BIO

Biome unveils three year revenue target up to $85M – but are 3Y targets enough to excite?

BOE

$550 million Jabiluka uranium offer comes unstuck as Government rules lease won't be renewed

AZL

Brine and shine: Arizona Lithium wins early stage eco approval to commence wellpad #2 at Prairie

IVZ

Invictus banks US$5M from Zimbabwean investment fund in support of Cabora Bassa

PAM

PAM secures high-grade Chilean copper play in strong territory

There are more pages in this discussion • 14 more messages in this thread...

First 6 Last

Add MTH (ASX) to my watchlist

(20min delay)
Last 14.5¢		Change -0.005(3.33%)		Mkt cap ! $14.87M

Open	High	Low	Value	Volume
15.0¢	15.5¢	14.5¢	$50.68K	339.6K

Buyers (Bids)

No.	Vol.	Price($)
2	27138	14.5¢

Sellers (Offers)

Price($)	Vol.	No.
15.0¢	70000	2

View Market Depth

No.	Vol.	Price($)
2	27138	0.145
5	133057	0.140
4	43705	0.135
2	20000	0.130
4	128722	0.125

Price($)	Vol.	No.
0.150	70000	2
0.155	62478	4
0.160	72586	2
0.165	75000	1
0.170	1640	1

Last trade - 15.34pm 29/07/2024 (20 minute delay)

MTH (ASX) Chart