M24 0.00% 0.9¢ mamba exploration limited

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

  1. 2,072 Posts.
    lightbulb Created with Sketch. 520
    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.
 
watchlist Created with Sketch. Add M24 (ASX) to my watchlist
(20min delay)
Last
0.9¢
Change
0.000(0.00%)
Mkt cap ! $1.656M
Open High Low Value Volume
0.9¢ 0.9¢ 0.9¢ $2.272K 252.4K

Buyers (Bids)

No. Vol. Price($)
4 476801 0.9¢
 

Sellers (Offers)

Price($) Vol. No.
1.0¢ 388000 1
View Market Depth
Last trade - 10.04am 31/07/2024 (20 minute delay) ?
M24 (ASX) Chart
arrow-down-2 Created with Sketch. arrow-down-2 Created with Sketch.