No one had a problem when the same investors coughed up 900k to put towards the project without even knowing the assay results. Those assay results turned out to be a winner. Same investors now are putting another 1.7m towards the drilling. You wouldn't lay down that money if you weren't confident of a good result. You wouldn't take the risk would you?
The way i see it is if it doesn't come from the investors pockets...... it comes from ours in the form of a CR. That will take time and almost certainly after the mineralisation results come out. So could easily be another month or more before a drill hits the ground. Throw in a 4-5 weeks of drilling and a 1-2 month wait on lab results ( which have been slow), and you are more likely looking at next year for a resource estimate.
Can't have it both ways. We all want the SP to rise and gain momentum. The only way that happens is through news/announcements and prompt action. Not by lengthy waits, delays and lack of activity from the board. MRD have the money ready and are set to strike whilst the iron is hot. 5 billion shares on issue.....whats another 500,000 for the sake of big results?
They have some pretty smart people at the helm and the company will always know more than the shareholders.
Let them do their job and see how this next fortnight or so transpires
- Forums
- ASX - By Stock
- Breakout next week
No one had a problem when the same investors coughed up 900k to...
- There are more pages in this discussion • 285 more messages in this thread...
You’re viewing a single post only. To view the entire thread just sign in or Join Now (FREE)
Featured News
Add MRD (ASX) to my watchlist
(20min delay)
|
|||||
Last
0.1¢ |
Change
0.000(0.00%) |
Mkt cap ! $7.785M |
Open | High | Low | Value | Volume |
0.2¢ | 0.2¢ | 0.1¢ | $9.301K | 5.085M |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
52 | 97077592 | 0.1¢ |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
0.2¢ | 246710743 | 107 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
52 | 97077592 | 0.001 |
0 | 0 | 0.000 |
0 | 0 | 0.000 |
0 | 0 | 0.000 |
0 | 0 | 0.000 |
Price($) | Vol. | No. |
---|---|---|
0.002 | 246710743 | 107 |
0.003 | 108521204 | 36 |
0.004 | 31809411 | 19 |
0.005 | 8051162 | 7 |
0.006 | 4796099 | 6 |
Last trade - 16.10pm 06/06/2024 (20 minute delay) ? |
|
|||||
Last
0.1¢ |
  |
Change
0.000 ( 0.00 %) |
|||
Open | High | Low | Volume | ||
0.2¢ | 0.2¢ | 0.1¢ | 3850000 | ||
Last updated 15.56pm 06/06/2024 ? |
Featured News
MRD (ASX) Chart |