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MEU

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3.7¢ marmota limited

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stag11

3,410 Posts.

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27/04/22

09:20

Post #: 61035650
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Originally posted by coto: ↑

Hey Korean, yes it is incredibly frustrating. I think most posters expected a much better performance on the back of this very positive news. Unfortunately it comes down to luck in the market a lot of the time. If this was released on a green day and buyers day it probably would have launched 40-60% on this great news, like many of our peers have done in relation to REE potential during the past year or 2. There has been a lot of fear in the market the past week and on and off all year, so plenty took profits for safety reasons.

Plus, plenty of existing and long suffering MEU holders who have seen little progress the past 1-2 years through covid probably packed up and left with a profit. Although don’t get unmotivated, management have now woken up and are about to imminently actively explore for these REE. Once we have what will hopefully be high REE assays on paper to release to the market then that’s when the rockets will come IMO. Hopefully they will release on a nice green day for a change in the next couple of months!

In my view, now we have this REE potential, the share price should get a steady re-rate to around 7-8c as the market improves in the next few weeks. Then hopefully rockets from there when the assay news breaks!

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Going to take a while for meu to get any assays done. I'd prefer to let PTR jump the fence and do a few samples with a view to entering a joint venture free carried through to Bfs. Let them be the operator. Might be the quicker way to get some fast progress.

MEU Price at posting: 5.1¢ Sentiment: Hold Disclosure: Held
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(20min delay)
Last 3.7¢		Change 0.001(1.39%)		Mkt cap ! $39.66M

Open	High	Low	Value	Volume
3.7¢	3.9¢	3.6¢	$22.90K	620.6K

Buyers (Bids)

No.	Vol.	Price($)
3	409065	3.6¢

Sellers (Offers)

Price($)	Vol.	No.
3.7¢	156131	1

View Market Depth

No.	Vol.	Price($)
3	409065	0.036
5	609916	0.035
3	544117	0.034
2	175000	0.033
2	47710	0.032

Price($)	Vol.	No.
0.037	156131	1
0.038	80664	1
0.039	179982	2
0.040	72888	3
0.041	13562	1

Last trade - 15.45pm 27/09/2024 (20 minute delay)

MEU (ASX) Chart

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