M4M 5.00% 1.9¢ macro metals limited

Can somebody with more experience explain why they bought into a...

  1. FGB
    1,381 Posts.
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    Can somebody with more experience explain why they bought into a prospect that FMG worked over and didn't progress?
    "Catho Well is a partially dissected channel iron deposit extending over a total of 13km of strike which
    has been drill tested on a nominal 800 by 200m spacing by Fortescue Metals Group (ASX: FMG)
    between 2013 to 2019."
    I would like to hear/understand the broader strategy for M4M. Are we
    • picking up a collection of smaller packages, that together make for a scaled operation?
    • targeting smaller scraps of high quality?
    • Looking to explore and quantify targets that our neighbours would then acquire for a premium?

    Thoughts?
 
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Mkt cap ! $61.40M
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2.0¢ 2.1¢ 1.9¢ $492.6K 24.39M

Buyers (Bids)

No. Vol. Price($)
6 985945 1.9¢
 

Sellers (Offers)

Price($) Vol. No.
2.0¢ 750000 2
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Last trade - 16.10pm 03/05/2024 (20 minute delay) ?
Last
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