MEI 8.33% 11.0¢ meteoric resources nl

The scoping study is actually very good, buy many other reasons...

  1. 484 Posts.
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    The scoping study is actually very good, buy many other reasons why price is heading down, peer comparison market cap is one, this was shorted by professionals not mum and dad traders or investors, that was another red flag, why it sold into buyers was many where waiting for decent liquidity to sell into, hence price went no where on news , happens to most stocks in this area of development, now those that bought into 18 cents dumped their shares combining pressure the price down. Another red flag is forum talk of takeovers , thinking a takeover offer will happen after a scope study or before is wishfull if thinking this was going to higher share prices, talking about suitors buying premium prices without any risk discounts , Lynas would be looking local Australian explorers first most, I don't see them at this stage chasing acquisitions overseas tbh. If market cap gets down to peers then I think some activity might happen as it is a good deposit for future development
 
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Last
11.0¢
Change
-0.010(8.33%)
Mkt cap ! $252.8M
Open High Low Value Volume
12.0¢ 12.0¢ 11.0¢ $201.2K 1.750M

Buyers (Bids)

No. Vol. Price($)
3 127686 11.0¢
 

Sellers (Offers)

Price($) Vol. No.
11.5¢ 433530 5
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Last trade - 16.10pm 05/11/2024 (20 minute delay) ?
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