Part of the reason for not yet having a JORC is quite simply because MEU has been able to raise capital via the Junior Mineral Exploration Incentive (JMEI) whereby participants get an exploration tax credit of 25% of the funds subscribed for. Its a cash rebate so if MEU raises capital at 2c, investors get 0.5c cash back. it's a very smart way to raise capital.
Once a company defines a JORC, they are no longer eligible for this.
A JORC will be forthcoming but as long as they can raise money via this avenue, there is no need to rush it.
Part of the reason for not yet having a JORC is quite simply...
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Last
4.1¢ |
Change
-0.001(2.38%) |
Mkt cap ! $43.41M | |||
| Open | High | Low | Value | Volume |
| 4.2¢ | 4.2¢ | 4.1¢ | $11.81K | 284.5K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 81428 | 4.1¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 4.2¢ | 245209 | 3 |
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| Last trade - 16.10pm 14/06/2024 (20 minute delay) ? |
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Last
4.2¢ |
Change
-0.001 ( 2.44 %) |
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| Open | High | Low | Volume | ||
| 4.2¢ | 4.2¢ | 4.2¢ | 16486 | ||
| Last updated 14.18pm 14/06/2024 ? | |||||
| MEU (ASX) Chart |