Thanks bhukka, yes fully aware of that.
Even still, they end the quarter with $102000, we don't know what this number is now.
If you add the recent CR's and take away their forecast spend of $560000, it leaves very little.
Also keep in mind the previous quarter the forecast spend was $710k and they spent $877. Now they have another project in the Pilbara to deal with.
It's just the nature of being at this end of the market, they will be constantly chasing money and diluting shareholders.
Unfortunately, my belief is they are now spread to thin. Still has great potential but it's a long way off.
Happy to be wrong as I have been plenty of times before.
Cheers.
Ann: Quarterly Activities Report and Appendix 5B, page-15
-
- There are more pages in this discussion • 18 more messages in this thread...
You’re viewing a single post only. To view the entire thread just sign in or Join Now (FREE)
Add MTL (ASX) to my watchlist
 (20min delay)
|
|||||
|
Last
0.2¢ |
Change
0.000(0.00%) |
Mkt cap ! $12.39M | |||
| Open | High | Low | Value | Volume |
| 0.2¢ | 0.2¢ | 0.2¢ | $383 | 191.6K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 45 | 87539388 | 0.2¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 0.3¢ | 58480341 | 58 |
View Market Depth
| Last trade - 10.04am 21/06/2024 (20 minute delay) ? |
| MTL (ASX) Chart |