MEG megado minerals ltd

5.26%

4.0¢

I'm not sure that Next Investors stumped up in the last CR...

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Klotho

5,930 Posts.

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05/03/25

16:25

Post #: 78145242
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Originally posted by POPnTOP ↑

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I'm really liking how MEG has been trading lately. It's a shame they ditched the rare earths play, but they must be eyeing something they think has way more potential to really make the company.

For 4 million dollars enterprise value, there's a lot to get excited about here. Gold and copper prices are at or near all-time highs, and MEG is working on locking down an 80% stake in what they're calling a "major European copper project."
And don't forget about their gold ground next to the Aquilon project. That's where they found some of the highest grades ever seen in Quebec - we're talking 834 grams of gold per tonne!

Honestly, it won't take much news to get this stock moving, since the upside here is way bigger than any downside risk. With Next Investors backing them and not many shares on issue, this has got to be one of the best risk vs reward plays on the ASX right now.

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I'm not sure that Next Investors stumped up in the last CR @POPnTOP They only said that they were assessing it. You do realise that the Cu project in Spain that MEG is buying (80% of it) is owned by the CEO? Well so I'm told and that company was just registered in July. It all seems a tad shady to me as why haven't they come out and stated it for all to see.

MEG Price at posting: 1.5¢ Sentiment: None Disclosure: Held
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(20min delay)
Last 4.0¢		Change 0.002(5.26%)		Mkt cap ! $25.82M

Open	High	Low	Value	Volume
4.0¢	4.0¢	3.8¢	$4.312K	108.3K

Buyers (Bids)

No.	Vol.	Price($)
1	6416	3.5¢

Sellers (Offers)

Price($)	Vol.	No.
3.7¢	6000	1

View Market Depth

No.	Vol.	Price($)
1	6416	0.035
1	6556	0.034
1	62668	0.033
3	961666	0.030
1	157190	0.029

Price($)	Vol.	No.
0.037	6000	1
0.040	157741	1
0.042	35000	1
0.043	50000	1
0.045	35000	1

Last trade - 14.45pm 01/08/2025 (20 minute delay)

MEG (ASX) Chart

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