MEI 4.76% 10.0¢ meteoric resources nl

Very comforting to see that Admin is only around 10% of the cash...

ANNOUNCEMENT SPONSORED BY PLUS500
ANNOUNCEMENT SPONSORED BY PLUS500
CFD TRADING PLATFORM
CFD Service. Your Capital is at risk
CFD TRADING PLATFORM CFD Service. Your Capital is at risk
ANNOUNCEMENT SPONSORED BY PLUS500
CFD TRADING PLATFORM CFD Service. Your Capital is at risk
  1. 3,739 Posts.
    lightbulb Created with Sketch. 1957
    Very comforting to see that Admin is only around 10% of the cash burn,

    Most of the money seems to have been spent on Exploration ie drilling and sample assays. As I have been saying for quite some time, they now need to mothball further exploration and concentrate their remaining cash on developing a mine to exploit the already proven resource.
 
watchlist Created with Sketch. Add MEI (ASX) to my watchlist
arrow-down-2 Created with Sketch. arrow-down-2 Created with Sketch.