Assuming a restart of drilling at full pace in early October, at the cessation of the rainy season, and the stated cash burn of $1 million per month
MKG will need more funds in December 22 or January 23 to continue.
So I’m factoring in a capital raise before the Xmas /New Year hiatus ?
I’m expecting the CR to push the price down a bit from current levels , given that there will be a discount applied to attract institutional investors , and some selling in the immediate aftermath of the CR , as some investors divest.
And further share dilution is , of course, inevitable for the company to continue.
But the up side is an opportunity to buy , at cheap prices.
And likely MKG management will be spruiking heavily as well. Expecting much good news of exploration success in 2023 !!
- Forums
- ASX - By Stock
- Ann: Noosa Mining Conference Presentation
Assuming a restart of drilling at full pace in early October,...
-
-
- There are more pages in this discussion • 3 more messages in this thread...
You’re viewing a single post only. To view the entire thread just sign in or Join Now (FREE)
Featured News
Add MKG (ASX) to my watchlist
|
|||||
Last
1.0¢ |
Change
0.001(11.1%) |
Mkt cap ! $9.76M |
Open | High | Low | Value | Volume |
0.9¢ | 1.0¢ | 0.9¢ | $1.007K | 100.7K |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
4 | 749374 | 0.9¢ |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
1.0¢ | 1903000 | 5 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
4 | 749374 | 0.009 |
19 | 3191269 | 0.008 |
5 | 1268500 | 0.007 |
5 | 1193450 | 0.006 |
1 | 200000 | 0.005 |
Price($) | Vol. | No. |
---|---|---|
0.010 | 1903000 | 5 |
0.011 | 377800 | 2 |
0.012 | 499833 | 5 |
0.013 | 3104980 | 11 |
0.014 | 4127057 | 8 |
Last trade - 11.24am 21/06/2024 (20 minute delay) ? |
Featured News
MKG (ASX) Chart |
The Watchlist
FHE
FRONTIER ENERGY LIMITED
Adam Kiley, CEO
Adam Kiley
CEO
SPONSORED BY The Market Online