M24 6.67% 1.4¢ mamba exploration limited

Looks like the traders were onto this and the price didn't...

  1. 2,074 Posts.
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    Looks like the traders were onto this and the price didn't perform as they expected. I've grabbed some more as well based on this announcement.

    If you take a look at MAN, on the 17/02/2021 when they announced 'Multiple Strong EM Conductors at Jimperding', their share price was around 8.3c. Thats an undiluted market cap of ~$29mil. By March 4 they were valued at ~40mil, slow and steady increase.

    Today they're at $55mil, cash probably around $4mil. EV $51mil.

    M24 currently around $19mil MC, cash probably a bit under $5mil but we will say $5mil as per the last Investor preso. EV $13mil.

    Give it a few weeks IMO for this ann to soak to market.
 
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Last
1.4¢
Change
-0.001(6.67%)
Mkt cap ! $2.633M
Open High Low Value Volume
1.4¢ 1.4¢ 1.4¢ $168 12.02K

Buyers (Bids)

No. Vol. Price($)
2 40000 1.4¢
 

Sellers (Offers)

Price($) Vol. No.
1.6¢ 164937 1
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Last trade - 12.44pm 06/09/2024 (20 minute delay) ?
M24 (ASX) Chart
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