A lot of rubbish and down ramping going on here - always a good...

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.