Ann: Trading Halt, page-8

First 8 Last

Share
Profile

Follow
Thebigonion

354 Posts.

235

30/01/25

09:58

Post #: 77617782
Share
Originally posted by Thebigonion: ↑

Agreed, I wasn’t expecting this for a few months—possibly after the metallurgy and titanium drill results.
On the upside:
Stable Cash Position: We're not in a dire cash situation, which means we can limit the discount. Last quarter, we had $2.7M, and given our relatively low burn rate—even with recent drill programs—I’d estimate our cash position is still around $1.5M–$2M. Additionally, we have a strong pipeline of projected news flow that should attract investors ahead of key announcements.
Sufficient Capital for Key Milestones: This capital raise should provide enough funding to see us through to a mining decision while still allowing us to drill out the uranium and titanium. Any positive news from our other assets should boost our market cap, reducing dilution when we eventually raise capital for production.
Colin has handled capital placements well so far, with minimal discounts. In fact, the 2022 raise was at a 10–15% premium, which is promising.

Expand

Correction to the above:
The cap raises in 2022 was mostly at a premium but did include an attached option at 10c for 2 years, the value of which would be covered by the premium

The 2024 CR for 1.25M was at 0% premium.

Think the point still stand that Colin be pretty consistent with CR.
MEU Price at posting: 6.3¢ Sentiment: Buy Disclosure: Held
5 Upvote

0 Great analysis

Reply

Top Stories

Monday's HotCopper trends: Boss guidance, Botanix quarterly | July 28

Listen: HotCopper Wire Podcast 019 – Dreaming of the 9,000s

I88

Infini remobilising at Portland Creek after geo specialists line up 12 'priority' targets

Red flags in the market to watch: How to spot trouble before it hits your portfolio

TMG

Veteran executive to help turn Trigg into leading US-based antimony producer

First 8 Last

Add to My Watchlist

What is My Watchlist?

A personalised tool to help users track selected stocks. Delivering real-time notifications on price updates, announcements, and performance stats on each to help make informed investment decisions.

(20min delay)
Last 3.8¢		Change -0.001(1.32%)		Mkt cap ! $44.77M

Open	High	Low	Value	Volume
3.8¢	3.8¢	3.7¢	$26.09K	695.3K

Buyers (Bids)

No.	Vol.	Price($)
5	293140	3.7¢

Sellers (Offers)

Price($)	Vol.	No.
3.8¢	78634	3

View Market Depth

No.	Vol.	Price($)
5	293140	0.037
5	592083	0.036
7	812242	0.035
2	49411	0.034
2	590939	0.033

Price($)	Vol.	No.
0.038	78634	3
0.039	150001	1
0.040	1260628	3
0.041	265111	2
0.042	825135	4

Last trade - 14.02pm 28/07/2025 (20 minute delay)

MEU (ASX) Chart

Ann: Trading Halt, page-8

Monday's HotCopper trends: Boss guidance, Botanix quarterly | July 28

Listen: HotCopper Wire Podcast 019 – Dreaming of the 9,000s

Infini remobilising at Portland Creek after geo specialists line up 12 'priority' targets

Red flags in the market to watch: How to spot trouble before it hits your portfolio

Veteran executive to help turn Trigg into leading US-based antimony producer

Featured News

Buyers (Bids)

Sellers (Offers)

Featured News

Ann: Trading Halt, page-8

Top Stories

Monday's HotCopper trends: Boss guidance, Botanix quarterly | July 28

Listen: HotCopper Wire Podcast 019 – Dreaming of the 9,000s

Infini remobilising at Portland Creek after geo specialists line up 12 'priority' targets

Red flags in the market to watch: How to spot trouble before it hits your portfolio

Veteran executive to help turn Trigg into leading US-based antimony producer

Featured News

Buyers (Bids)

Sellers (Offers)

Featured News