MEU

4.65%

4.1¢ marmota limited

thanks robo... for the most rational posting on MEU that i've...

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fredofrog

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04/03/22

16:16

Post #: 59988320
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Originally posted by roboshan: ↑

Correct CopperHound - small explorers without the capital base or a cashed up partner coming on board don't have access to the funding needed to progress projects in time frames many would like. Probably like you I am happy watching the gold and uranium price moving in the right direction and it is my view that this will trigger some increased activity over the next 12 months.

At present, I can't see Colin wanting to initiate a capital raising at the current share price to fund an increased rate of development at AT or other exploration targets. So to me it is steady as she goes progress with continued conservative use of cash. What could change is a cashed up gold miner (there are plenty) coming into the picture or Boss puts up a decent offer for Junction Dam to provide more available cash. Boss has made a lot of money on their purchase of 1.25mlbs of uranium on the spot market at $30/lb and will be producing soon and are wanting to extend their resource. Having said that if we see gold breaking out strongly above US$2000 this will created interest (fever) in all junior gold explorers and a substantial rise in Marmota's share price. This could see a well supported capital raising happening and large enough to move more rapidly to development and mining at AT. Timing and a bit of luck is important for juniors! Perhaps the 'perfect storm' is around the corner.

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thanks robo... for the most rational posting on MEU that i've read in a long time.

ff

MEU Price at posting: 4.3¢ Sentiment: Buy Disclosure: Held
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(20min delay)
Last 4.1¢		Change -0.002(4.65%)		Mkt cap ! $44.54M

Open	High	Low	Value	Volume
4.1¢	4.1¢	4.0¢	$64.13K	1.579M

Buyers (Bids)

No.	Vol.	Price($)
5	315901	4.0¢

Sellers (Offers)

Price($)	Vol.	No.
4.1¢	120172	2

View Market Depth

No.	Vol.	Price($)
4	305901	0.040
2	75640	0.039
2	120000	0.038
1	100000	0.037
1	205000	0.035

Price($)	Vol.	No.
0.041	120172	2
0.042	300000	1
0.043	18000	1
0.044	164994	2
0.045	215109	2

Last trade - 15.20pm 02/08/2024 (20 minute delay)

MEU (ASX) Chart

thanks robo... for the most rational posting on MEU that i've...

Cost blow-out for Rook I uranium project sees share plummet for NexGen

Uranium prices on the NYMEX are stable, but ASX uranium stocks are sinking on Friday. The answer lies in Kazakhstan

Venture to sniff out high-grade REE targets at Jupiter project, WA

GreenX picks up prospective copper project in Germany

Westgold sets its sights on top five producer status through merger with Karora

Is oil undervalued?

Week 31 Wrap: JORC rules to get tougher; RBA rate hike chance 50/50; US Fed Sept cut still the quo

Vmoto sales plummet -50% YoY as weak demand in Europe & China stifles EV scooter sales growth

Collaboration in a green (steel) future the focus for Magnum and Saudi partners

Commodity house Trafigura funds Develop Global's copper-zinc Woodlawn play with offtake deal in place

Featured News

Buyers (Bids)

Sellers (Offers)

Featured News

thanks robo... for the most rational posting on MEU that i've...

Top Stories

Cost blow-out for Rook I uranium project sees share plummet for NexGen

Uranium prices on the NYMEX are stable, but ASX uranium stocks are sinking on Friday. The answer lies in Kazakhstan

Venture to sniff out high-grade REE targets at Jupiter project, WA

GreenX picks up prospective copper project in Germany

Westgold sets its sights on top five producer status through merger with Karora

Is oil undervalued?

Week 31 Wrap: JORC rules to get tougher; RBA rate hike chance 50/50; US Fed Sept cut still the quo

Vmoto sales plummet -50% YoY as weak demand in Europe & China stifles EV scooter sales growth

Collaboration in a green (steel) future the focus for Magnum and Saudi partners

Commodity house Trafigura funds Develop Global's copper-zinc Woodlawn play with offtake deal in place

Featured News

Buyers (Bids)

Sellers (Offers)

Featured News