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8.7¢ meeka metals limited

And what's more, an accompanying coincidental CR to provide...

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Lithos

945 Posts.

155

22/08/24

23:15

Post #: 75333843
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Originally posted by arsenic: ↑

It's not that finance will be a problem. It might be as Cunningtion pointed out that they are deciding whether to raise equity as well or the the financier(s) demanded that as a safeguard. I'm expecting so. However, that jump to say 5.4c has helped even in the latter case.

One thing that people seem not to consider is that miners have a capital budget for the project itself per the DFS. What they don't particulalry budget for is delays in everything from getting financing to a slow startup. Those need funds on hand and the company SP will get cruelled if they as for funds during a slow commissioning. So directors raise more funds than required for just the project budget including Owners Capital. That gets less experienced investors angry due to perceived unnecessary dilution.

your dead right re-gold price though. looking forward to Monday. (Different from many songs).

All IMVHO
PS Cunningtonis as smart as his North Melbourne namesake.

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And what's more, an accompanying coincidental CR to provide a funding reserve leading into start-up to cover pre-production risks is a better than excessive hedging caveats which would lessen output exposure to what is an upward US$gold price for the foreseeable future. Just ask OBMs pre-incarnation.

Last edited by Lithos: 22/08/24

MEK Price at posting: 5.9¢ Sentiment: Buy Disclosure: Held
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Last 8.7¢		Change 0.000(0.00%)		Mkt cap ! $168.3M

Open	High	Low	Value	Volume
0.0¢	0.0¢	0.0¢	$0	0

Buyers (Bids)

No.	Vol.	Price($)
2	18666	9.0¢

Sellers (Offers)

Price($)	Vol.	No.
8.2¢	400000	2

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No.	Vol.	Price($)
2	18666	0.090
1	5530	0.089
4	241590	0.088
8	148626	0.087
3	32429	0.086

Price($)	Vol.	No.
0.082	400000	2
0.086	47435	1
0.087	574712	1
0.090	200000	2
0.091	100000	1

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