M4M

11.4%

3.9¢ macro metals limited

M4M, page-430

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Heisenberg63

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24/06/24

08:53

Post #: 74451921
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Originally posted by thebarry111: ↑

The stock went up 17 times in 2 weeks.

You think it’s impossible to go up 10 times from here in 6 months?

Catalysts:

Cane Bore everything is there, they are hoping to get the first shipment off by the end of the year (there words not mine).

They just leverage into everything that Mineral resources has set up. If they can get to market $45 wmt and we pay the additional road haul cost of $8 plus other costs they could have on the ship for $55 wmt. That will be a highly profitable venture if Iron ore price stays above $100.

Goldsworthy:

You just need to look at the anomaly and the history of the Goldsworthy mine. They will be drilling in October. That is a 50:50 lottery ticket.

Mogul:

They already have $180k in government grants to drill this. Hopefully they have a joint venture in place or put a few holes in the ground by the end of the year.

Agbaja:

Again hopefully they can sell this or get a joint venture.

Chile Lithium project:

if that thing ever gets sold they will be reimbursed $400k in costs. Highly doubtful on recouping anything on this

M4MOB

if the price stays where it is they will get another $8m in the coffers. That should cover all their working capital in the short term. I doubt they will need another cap raise before they get all of the above drilled out to some degree

Not saying it will go to a $1b market cap in the next 6 months, but there are a lot of catalysts above to have the share price materially higher than where it is now.

Good luck all

Expand

Thanks Barry, no point in wasting your breath sometimes, people try and tear anything down for no good reason. M4M is another FMG in the making and I bet there were people that scoffed at Twiggy in the early days, and now look at where they are.
Re Goldsworthy (East) - from their presso they state that the maiden diamond drill program will be in quarter 3 CY24 so things should be happening there well before October

Last edited by Heisenberg63: Monday, 08:54

M4M Price at posting: 2.9¢ Sentiment: Buy Disclosure: Held
14 Upvote

0 Great analysis

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(20min delay)
Last 3.9¢		Change 0.004(11.4%)		Mkt cap ! $140.3M

Open	High	Low	Value	Volume
3.7¢	4.0¢	3.6¢	$642.5K	16.73M

Buyers (Bids)

No.	Vol.	Price($)
3	828203	3.9¢

Sellers (Offers)

Price($)	Vol.	No.
4.0¢	614580	3

View Market Depth

No.	Vol.	Price($)
3	828203	0.039
3	1375000	0.038
8	1189835	0.037
3	482500	0.036
10	953950	0.035

Price($)	Vol.	No.
0.040	614580	3
0.041	432432	3
0.042	1455019	7
0.043	662423	2
0.044	296413	3

Last trade - 16.10pm 28/06/2024 (20 minute delay)

M4M (ASX) Chart

M4M, page-430

Ava Risk Group expands US presence with A$0.7M Substation Deal

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Sun Silver gets that drill to thrill feeling from high grade hits at Maverick Spring

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Buyers (Bids)

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M4M, page-430

Top Stories

Ava Risk Group expands US presence with A$0.7M Substation Deal

Larvotto identifies new exploration target at NSW's Hillgrove, boosting shares by nearly 20%

Recce's R327 found effective against E.coli during clinical trial

Microcap Wrap: 5 explorers with news out today

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Featured News

Buyers (Bids)

Sellers (Offers)

Featured News