MMA Comparison Against its Peers, page-7

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Bobbieb

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09/04/24

17:33

Post #: 73263051
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Originally posted by PhillW: ↑

Yes, HC is wrong. You are right that they need cash to see them through to Oct 2024 when the 30c options are due to be exercised.

The apparent lack of urgency to raise funds has me thinking that they possibly have funding in hand. The March quarterly will show that they do not have the funds for the next two quarters, and they will have to explain to the ASX how they intend to fund the next two quarters. I suspect the funding announcement will be out before the quarterly is released. I can only think that they are possibly waiting for the copper/gold lab results, but I doubt that they will spike the share price. Maybe they have been reading "X" and believe that a capex can be done with silver at $50 before the end of the month.

I explained to them today (amongst other things) that MMA's lack of performance compared to its peers in some respect can be put down to the market knowing that they require funds and that their procrastination is limiting MMA's upside at a time that silver is breaking out.

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Their restraint at raising funds has been smart and I believe they should wait till the last possible moment before they do raise funds and only as much as needed for like 4 months or so. Silver is likely to head alot higher after cpi this week or atleast after the fed indicates that the hot cpi will not be fought with higher rates. Great work to the team and I have no criticism.

mma night raise funds via options being exercised aswell.

Last edited by Bobbieb: 09/04/24

MMA Price at posting: 32.5¢ Sentiment: Buy Disclosure: Held
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MMA Comparison Against its Peers, page-7

ASX200 dives as inflation clocks in at 4% – higher than 3.8% consensus

Sheffield Resources achieves milestone production, shipments at Thunderbird, WA

Tamboran is developing the NT Beetaloo Basin. To get there, it's listing at $36/sh on the NYSE

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Pure Hydrogen to supply hydrogen-fuelled garbage truck to City of Newcastle

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MMA Comparison Against its Peers, page-7

Top Stories

ASX200 dives as inflation clocks in at 4% – higher than 3.8% consensus

Sheffield Resources achieves milestone production, shipments at Thunderbird, WA

Tamboran is developing the NT Beetaloo Basin. To get there, it's listing at $36/sh on the NYSE

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Pure Hydrogen to supply hydrogen-fuelled garbage truck to City of Newcastle

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Featured News