I've been out of here a long while but watching the water levels rise on the ship month on month.
Until yesterday, looking at the quarterly, the EV for MDI was actually negative!! MC was 3.5m ish, and there's 3m cash and 1m shares.
New CEO has the creds, and you've got to feel that it's probably one of the best appointments they could hope for. Market doesn't believe in the Tennant Creek story at the moment, with other explorers failing to identify the mother lodes.
So MDI is back on my radar as a maybe.... not in yet. The risk is a slow burn of cash as they continue to come up empty handed, but should someone in the area strike something, the reward for a company with a lot of land in the area and a fairly substantial kitty could be large.
- Forums
- ASX - By Stock
- Ann: Quarterly Activities/Appendix 5B Cash Flow Report
I've been out of here a long while but watching the water levels...
-
- There are more pages in this discussion • 2 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
LU7
Discover the strong preliminary feasibility of the Bécancour Lithium Refinery, showcasing resilience in a low pricing environment and a strategic plan to capitalize on future price recoveries
Add MDI (ASX) to my watchlist
(20min delay)
|
|||||
Last
1.7¢ |
Change
0.000(0.00%) |
Mkt cap ! $3.712M |
Open | High | Low | Value | Volume |
1.7¢ | 1.7¢ | 1.7¢ | $15.78K | 928.2K |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
3 | 994934 | 1.6¢ |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
1.8¢ | 470066 | 2 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
3 | 994934 | 0.016 |
3 | 2304000 | 0.015 |
7 | 668356 | 0.014 |
1 | 600000 | 0.013 |
2 | 333333 | 0.012 |
Price($) | Vol. | No. |
---|---|---|
0.018 | 470066 | 2 |
0.019 | 1471631 | 5 |
0.020 | 306105 | 3 |
0.021 | 41750 | 1 |
0.022 | 93397 | 1 |
Last trade - 13.32pm 04/10/2024 (20 minute delay) ? |
Featured News
NEWS
Antler Copper Project hits major permitting milestone – air quality permit advances to final review
NEWS
Breakthrough programs slash healthcare events, driving a significant A$1.8M+ annual revenue boost
MDI (ASX) Chart |