Appendix did not come through on the HC document.
Here is an extract from the ASX. When you add the $743K R&D cash incentive received after quarter end, MMA has sufficient cash for 4 quarters, excluding significant drilling.
Board clearly has time to allow the SP to rise on the back of commodity price rises, allow exercise of $15M options and then organise drilling. Board has a history of frugal capital raises to minimise dilution of existing shareholders.
Patience is the most important virtue for investors and most people lack patience.
Ann: Quarterly Activities Report, page-10
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Last
26.5¢ |
Change
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Mkt cap ! $48.55M | |||
| Open | High | Low | Value | Volume |
| 27.0¢ | 27.3¢ | 26.5¢ | $21.69K | 81.02K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 4 | 74460 | 26.0¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 27.5¢ | 4000 | 1 |
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| Last trade - 15.49pm 28/05/2024 (20 minute delay) ? |
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Change
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| Open | High | Low | Volume | ||
| 27.0¢ | 27.0¢ | 26.0¢ | 24223 | ||
| Last updated 12.53pm 28/05/2024 ? | |||||
| MMA (ASX) Chart |