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10.8¢ meteoric resources nl

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opees

131 Posts.

06/10/17

14:37

Post #: 27716034
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Originally posted by Bigsky ↑

Hi @opees also look at the number of shares on issue and the Market Capitalisation to get a feel for the potential value per share. Eg back of the envelope calc from HC figures for EUC is about a $160m market cap at 23c SP and around with around 694M shares in the market, compare with MEI with $26.7M market cap at 6.4c SP and around 417M shares. Assuming no dilution through extra shares being issued for a Capital Raising (CR), if the projects are equally valued by the market, and MEI runs to the EUC Market cap of 160M then the MEI SP would sit at around 38c per share. IMO there is plenty of room for MEI to run and current prices are still a great entry point.

In the end, you need to take a position based on your appetite for risk. MEI and EUC have not yet returned drill results or firm grades, and are speculative. They may have us all eating caviar washed down with Krug in our Lambourghinis on the Costa del Sol, or equally we may be wondering if they will let us get Happy Meal on the bicycle at the Maccas drivethrough. Don't invest more than you are willing to risk.

Cheers

BS

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Thank you make sense what you just said
Very informing n I really appreciate

MEI Price at posting: 6.2¢ Sentiment: Buy Disclosure: Not Held
3 Upvote

0 Great analysis

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(20min delay)
Last 10.8¢		Change 0.003(2.38%)		Mkt cap ! $241.0M

Open	High	Low	Value	Volume
11.0¢	11.0¢	10.8¢	$46.70K	424.8K

Buyers (Bids)

No.	Vol.	Price($)
14	955438	10.5¢

Sellers (Offers)

Price($)	Vol.	No.
11.0¢	467913	19

View Market Depth

No.	Vol.	Price($)
14	1004521	0.105
29	2776500	0.100
2	138800	0.099
2	138800	0.098
3	100346	0.097

Price($)	Vol.	No.
0.110	480612	18
0.115	688855	5
0.120	710000	7
0.125	473248	8
0.130	298461	6

Last trade - 10.14am 03/10/2024 (20 minute delay)

MEI (ASX) Chart