A lot of rubbish and down ramping going on here - always a good sign for a buy.
Yes, things have been slow and the price reflects that, but in terms of risk vs reward the current levels seem crazy.
46m shares, sub $3m mcap and circa $500k EV. Directors hold circa 13% so plenty of skin in the game. Sentiment can quickly change (and a few interesting things going on that could signal some M&A activity).
- M3 Energy incorporated late FY23.
- 1m Performance options issued to MD to deliver an "advanced exploration project"
- 2-year options issued to key staff with 19c strike.
Follow up gold drilling should be very close (7km magnet low identified, 10m @ 240 g/t).
Hopefully some worthy news flow is close - let's see.
A lot of rubbish and down ramping going on here - always a good...
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4.1¢ |
Change
0.000(0.00%) |
Mkt cap ! $3.436M | |||
| Open | High | Low | Value | Volume |
| 0.0¢ | 0.0¢ | 0.0¢ | $0 | 0 |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 388971 | 4.3¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 4.7¢ | 94630 | 1 |
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