Looks like things will really start heating up over the next two months with further metallurgical work, baseline studies and revised scoping study due.
East pit results are looking good, MA7 nothing flash but it is still early.
$2m cash expected by quarter end. Not surprisingly, the report was silent with regards to next steps.
Q4 - With a PFS complete and revised JORC then what... Another raising? Takeover?
IMO, a raising is more likely (hopefully a rights issue), which will see the project through to the DFS and will make MEY more attractive to potential suitors.
An investor presentation would be handy but probably won't occur until PFS is completed.
One can only wonder where MEY would be if Fukushima hadn't occurred.
Looks like things will really start heating up over the next two...
Add EL8 (ASX) to my watchlist
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Last
41.5¢ |
Change
0.035(9.21%) |
Mkt cap ! $128.0M | |||
| Open | High | Low | Value | Volume |
| 39.5¢ | 42.0¢ | 39.5¢ | $468.0K | 1.149M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 18000 | 41.5¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 42.5¢ | 59166 | 3 |
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| Last trade - 16.10pm 11/07/2024 (20 minute delay) ? |
| EL8 (ASX) Chart |