From the Annual Report the 5,000,000 escrowed shares are owned by Circe Point Investments Pty Ltd and part of the 67 mil SOI. From my understanding this is Evan Cranston (Benz and Patriot Battery Metals) who was the vendor of the Northern Lights assets.
According to MRZ AGM presentation pg 19, MRZ has chosen to pursue the renamed Eastmain Leran project (formerly the Focus Graphite project) by executing the next milestone payment. From my recollection this is CAD $500,000 and potentially be split CAD $350,000 cash and CAD $150,000 of shares (AUD $165,000) , meaning approx 870,000 shares @ .19c could be issued in the next week. Last year MRZ issued CAD $150,000 in shares to Focus Graphite, which in turn found their way to clients of Peloton Capital. All a bit of a balancing act by the Board I guess given the current low share price.
For those interested, Peter Ruse gave a 17 minute update on Thursday which can be accessed via the MRZ Twitter page by clicking the broker briefing link. Presentation starts @ 19.20 min.
- Forums
- ASX - By Stock
- Ann: Release from ASX Escrow
From the Annual Report the 5,000,000 escrowed shares are owned...
-
- There are more pages in this discussion • 12 more messages in this thread...
You’re viewing a single post only. To view the entire thread just sign in or Join Now (FREE)
Featured News
AVH
Avita boosts skin restoration product portfolio with 'dermal matrix' – a kind of next-level gauze made of fake skin
KAI
Pilbara Minerals buys land off Kairos part of its York gold project for $20M – and a 2% royalty on any PLS gold sales
GML
Gateway Mining sells WA Eastern Montague gold project to Brightstar for $14M – half of that in shares
Add MRZ (ASX) to my watchlist
|
|||||
Last
6.0¢ |
Change
0.000(0.00%) |
Mkt cap ! $5.101M |
Open | High | Low | Value | Volume |
0.0¢ | 0.0¢ | 0.0¢ | $0 | 0 |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
1 | 23278 | 4.3¢ |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
6.0¢ | 30000 | 1 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
1 | 23278 | 0.043 |
1 | 400000 | 0.042 |
0 | 0 | 0.000 |
0 | 0 | 0.000 |
0 | 0 | 0.000 |
Price($) | Vol. | No. |
---|---|---|
0.060 | 30000 | 1 |
0.066 | 25000 | 1 |
0.068 | 25000 | 1 |
0.070 | 5000 | 1 |
0.091 | 55000 | 1 |
Last trade - 16.12pm 02/08/2024 (20 minute delay) ? |
Featured News
STX
Strike hands $48.5M contract to Clarke Energy to produce 20x 4.5MW gas engines for Sth Erregulla
MND
Albemarle lithium downsize burns $200M hole in Monadelphous's pocket as latter's contracts terminated
MRZ (ASX) Chart |
Day chart unavailable