MMA

2.17%

22.5¢ maronan metals limited

MMA Comparison Against its Peers, page-10

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Kipper01

7,853 Posts.

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09/04/24

22:59

Post #: 73266638
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Originally posted by PhillW ↑

We'll have to agree to disagree with your statement about waiting for the last possible moment!

The longer MMA procrastinate on the funds front, the more likely it is that there will be no drilling before the EOFY. It's the drill bit that is going to attract investors in the numbers required to elevate the share price significantly. There is nothing more powerful for a companies share price than to be drilling and releasing good assay results in a commodities bull market when you have bullish sentiment in that commodity. A 10% placement which is 16M shares at 28c raises $4.4M and with these funds MMA can book drill rigs and be drilling from early May which is exactly what their parent company, RDM are doing.

Waiting for an economic release on the chances of an improved silver price is a gamblers mentality and I hope like hell the MMA management are not gamblers. I day trade forex for a living and I exit the market 10 minutes before any RED impact announcement and renter 10 minutes after the announcement for the exact reason I stated above. All of my back testing has shown that it is more profitable on a win/loss ratio to exit and reenter after major announcements.

Then there is the current issue with the silver shorts being their highest level since before Covid. On a Risk/Reward basis it is more prudent to raise capital asap and start drilling in early May, but they can't do this if they do not have the funds.

MMA have been in overdrive on the promotional front for most of 2024. I'm just hoping that they have the funding teed up and have booked the drill rigs and we get notification of this either this week or next. They did indicate to me that they would make an announcement as soon as possible.

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I liked Bobbieb's post but I also totally agree with your comments above Phill ... Full steam ahead and get it rocking and rolling asap. Momentum is very important.
... Raising by conversion of existing Option holders would be fast and smooth too. Like it

Kip

MMA Price at posting: 32.5¢ Sentiment: Buy Disclosure: Held
3 Upvote

0 Great analysis

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(20min delay)
Last 22.5¢		Change -0.005(2.17%)		Mkt cap ! $45.28M

Open	High	Low	Value	Volume
23.0¢	23.5¢	21.5¢	$80.64K	354.9K

Buyers (Bids)

No.	Vol.	Price($)
2	13450	21.5¢

Sellers (Offers)

Price($)	Vol.	No.
23.0¢	10917	1

View Market Depth

No.	Vol.	Price($)
2	13450	0.215
5	27150	0.210
2	104800	0.205
3	57500	0.200
1	2000	0.190

Price($)	Vol.	No.
0.230	10917	1
0.235	16135	1
0.240	10839	1
0.250	11000	1
0.255	2500	1

Last trade - 15.40pm 26/07/2024 (20 minute delay)

MMA (ASX) Chart

MMA Comparison Against its Peers, page-10

Capital raisings wrap: Brainchip, Ovanti, Lake and VHM

Nine's staff strike as Paris Olympic coverage begins

Tissue Repairs soars nearly 32% on TGA approval for wound healing gel

Nova locks in NASDAQ US market listing at a value of only US$3.3M as ASX gets quieter and quieter

ASX Market Open: ASX200 to rise for Friday session | July 26

Red Hawk upgrades Blacksmith with DSO mineral resource at the Eagle Deposit

IGO kicks off earn-in copper drilling on-site Encounter's Yeneena play as it adopts new identity

Monadelphous inks $200M contract with Woodside to help build Pluto LNG – but will it make Scarborough cheaper?

MinRes jumps 5% as the company meets production guidance – depressed iron ore prices be damned

Horizon firms up ore reserve for Boorara ahead of FY25 Q1 development decision

Featured News

Buyers (Bids)

Sellers (Offers)

Featured News

MMA Comparison Against its Peers, page-10

Top Stories

Capital raisings wrap: Brainchip, Ovanti, Lake and VHM

Nine's staff strike as Paris Olympic coverage begins

Tissue Repairs soars nearly 32% on TGA approval for wound healing gel

Nova locks in NASDAQ US market listing at a value of only US$3.3M as ASX gets quieter and quieter

ASX Market Open: ASX200 to rise for Friday session | July 26

Red Hawk upgrades Blacksmith with DSO mineral resource at the Eagle Deposit

IGO kicks off earn-in copper drilling on-site Encounter's Yeneena play as it adopts new identity

Monadelphous inks $200M contract with Woodside to help build Pluto LNG – but will it make Scarborough cheaper?

MinRes jumps 5% as the company meets production guidance – depressed iron ore prices be damned

Horizon firms up ore reserve for Boorara ahead of FY25 Q1 development decision

Featured News

Buyers (Bids)

Sellers (Offers)

Featured News