MEI 5.13% 18.5¢ meteoric resources nl

Dividend or Invest ?

  1. 734 Posts.
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    Current Market Value = $21,370,000
    Current Share Price. = 0.014c

    Value of $30m in bank = $30,000,000 + MEI
    New Share Value. = 0.02c + MEI

    Additional Value of not paying a dividend

    1) We know that we won't need a cap raise for a while.

    2) This economy has unveiled numerous underpriced opportunities which just need cash and we have that cash.

    3) The future for Gold builds daily as the world around us becomes more and more uncertain.

    MEI is now worth at least .02c plus the above opportunities, plus our current assets, plus the depth of intellectual value in our board and management.

    Dividend or Invest ?

    I had the cash yesterday and invested it here because I believe this mob can get a far better return from here than my bank is offering me, please no dividend.
 
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Last
18.5¢
Change
-0.010(5.13%)
Mkt cap ! $368.1M
Open High Low Value Volume
19.5¢ 19.5¢ 18.5¢ $279.1K 1.480M

Buyers (Bids)

No. Vol. Price($)
17 1222195 18.5¢
 

Sellers (Offers)

Price($) Vol. No.
19.0¢ 380918 16
View Market Depth
Last trade - 16.10pm 29/05/2024 (20 minute delay) ?
Last
18.5¢
  Change
-0.010 ( 2.63 %)
Open High Low Volume
19.3¢ 19.5¢ 18.5¢ 914510
Last updated 15.59pm 29/05/2024 ?
MEI (ASX) Chart
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