Share price still above the 21c issue price; broken through support of the 50-day moving average and the medium trend line. While smidge exciting, 'twas a little stretched above indicators at 30c plus. Maybe the retrace we had to have.
On a positive note, the large gap between the price and the 200-day moving average remains. Volume is nothing to write home about; sellers aren't rushing the exits. Kicked up in price and RSI yesterday.
Fundamentally 16 May 2025 • Placement proceeds to de-risk and accelerate the proposed acquisition of the Forrestania Nickel Operation (FNO)1, relevant pre-development activities and for general working capital • Infill drilling, test work and permitting activities significantly advanced at RGP, with work on a Bankable Feasibility Study (BFS) now well underway to support the proposed development • Final Investment Decision (FID) targeted for fourth quarter calendar 2025.
* Nickel Operation is inclusive of the Cosmic Boy Flotation Plant; understanding is to fast-track production: MM8 gold-copper; not nickel.
26 May 2025
Exceptional Drill Results at Gem Including 2.3m @ 65.7g/t AuEq
Updated MRE update on track for release in July incorporating all new drilling which will form the basis of the updated Feasibility Study mine plan
16 July 2025
The General Meeting: ratify the distribution of shares to directors and sophisticated investors.
Not a financial professional. Personal opinion only, not financial advice. Do your research; consult a professional. Information may be outdated, incomplete, or inaccurate.
MM8 Price at posting:
24.5¢ Sentiment: None Disclosure: Held
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