Basically the Magansese will be worth some value but transportation cost should be high. Its a massive tonnage. The drill result is not bad but i agree with tedarcidi. At the end of the day, its most important to see who will back this thing up. The 15M share placement may or may not get any attention. If no one buys the placement, MZM could be in trouble. I heard that the agreement with the underwriter is not finalize. Meaning the placment of share may be $0.15 instead of $0.20. No smoke = no fire, this theory holds.
Basically the Magansese will be worth some value but...
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Last
25.0¢ |
Change
0.005(2.04%) |
Mkt cap ! $54.38M | |||
| Open | High | Low | Value | Volume |
| 24.5¢ | 25.0¢ | 24.5¢ | $37.77K | 151.8K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 14600 | 24.5¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 25.5¢ | 17513 | 4 |
View Market Depth
| Last trade - 15.38pm 19/06/2024 (20 minute delay) ? |
| E25 (ASX) Chart |