They had 8.6 million in June 2021 according to their last quarterly report. CR seems unlikely. They have plenty of money to drill and expand their resource.
For anyone who is interested the next bit is my opinion only and not advice.
Right now it just seems like we are awaiting lab results for the latest round of drilling. During this time it’s easy for people to get bored, see another opportunity, start to worry about why we don’t have results yet etc etc. It’s really normal to see a drop at times like this and it’s happened with every other company I’ve held. There’s always a risk with any explorer just like there’s big potential reward. If you trust your research then hold and wait it out. If you really trust your research then times like this present a brilliant buying opportunity. If the risk and stress are too much then current lithium producers are probably a better bet.
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Last
39.5¢ |
Change
-0.015(3.66%) |
Mkt cap ! $102.8M |
Open | High | Low | Value | Volume |
41.0¢ | 41.0¢ | 39.5¢ | $68.02K | 169.2K |
Buyers (Bids)
No. | Vol. | Price($) |
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2 | 31085 | 39.5¢ |
Sellers (Offers)
Price($) | Vol. | No. |
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40.5¢ | 6368 | 4 |
View Market Depth
No. | Vol. | Price($) |
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2 | 31085 | 0.395 |
6 | 119021 | 0.390 |
1 | 6500 | 0.385 |
2 | 26500 | 0.380 |
4 | 41800 | 0.375 |
Price($) | Vol. | No. |
---|---|---|
0.405 | 6368 | 4 |
0.410 | 5839 | 3 |
0.415 | 15568 | 3 |
0.420 | 8729 | 2 |
0.425 | 43401 | 3 |
Last trade - 14.23pm 13/05/2024 (20 minute delay) ? |
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Last
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Change
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Open | High | Low | Volume | ||
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Last updated 14.39pm 13/05/2024 ? |
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MAGNUM MINING AND EXPLORATION LIMITED
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