Valid points.. but you are posting on a chart thread..chart's at...

First 1892 Last

Share
Profile

Follow
YB86

4,974 Posts.

404

01/04/25

17:56

Post #: 78504305
Share

Originally posted by astoria: ↑

Nobody cares about the charts

All they care about is the deal that was signed almost 9 months ago closing and the payment of the fist $3mil to consummate the deal

The board and management - hold on they are the same people funny enough seem in no rush to do anything and given they probably have next to cash left can't really do much in any case = so its a stalemate

When I last spoke to Andrew towards the end of 204 he claimed the mining operation would be going by the end of 2025 and anyone that understands mining would know this is just not true

As a shareholder I have also written to the company a number of times asking if the $3mil is a full payment going in to the JV bank account or will the partner be deducting costs from this payment - no reply

If they are deducting their own costs then really the $3mil is not even newsworthy and perhaps a fizzer given we then have nothing to show for this deal.....so maybe they need to wait until enough boxes are ticked to get the $6mil in and that is the delay

Either way its beyond bad and anyone that thinks its not probably has an average price much higher and is trying to convince themselves otherwise

Would love any constructive feedback on why it taking so long - I suggested to King Andrew that as a sign of good faith get the partner to pay the $3mil into the JV account as either way they are the larger part of the JV and would control the funds but again no reply to this suggestion which to me continues to bother me why is it taking this long and no real news has come from the project for a considerable amount of time now

The company should be holding a webinar or providing an update but again when I ask them its simply crickets....

Expand

Valid points.. but you are posting on a chart thread..

chart's at this level are pointless on anything under weekly but at a stretch daily TF.. but they do hold some level of validation for how market is valuing a co. Atm they are not, also due to points you made. But never the less other threads for this discussion

MRQ Price at posting: 0.4¢ Sentiment: Buy Disclosure: Held
2 Upvote

0 Great analysis

Reply

Top Stories

Almonty Industries – Now it is getting critical!

MEM

Many are concerned about global falling birthrates. This diverse stock has solutions

MTM

MTM Crit Metals hits +1,870% returns YoY – but fundamental questions remain

Listen: HotCopper Wire Podcast 013 - They changed the IPO rules (and that's a good thing)

ASX Market Close: IT surges as Miners dumped | June 18, 2025

First 1892 Last

Add to My Watchlist

What is My Watchlist?

A personalised tool to help users track selected stocks. Delivering real-time notifications on price updates, announcements, and performance stats on each to help make informed investment decisions.

(20min delay)
Last 0.3¢		Change 0.000(0.00%)		Mkt cap ! $8.179M

Open	High	Low	Value	Volume
0.3¢	0.3¢	0.3¢	$7.5K	2.5M

Buyers (Bids)

No.	Vol.	Price($)
1	1500000	0.3¢

Sellers (Offers)

Price($)	Vol.	No.
0.4¢	14794041	17

View Market Depth

No.	Vol.	Price($)
1	1500000	0.003
26	28328473	0.002
16	28256063	0.001
0	0	0.000
0	0	0.000

Price($)	Vol.	No.
0.004	14794041	17
0.005	11416829	10
0.006	13664217	11
0.007	6538865	11
0.008	3130583	2

Last trade - 11.40am 18/06/2025 (20 minute delay)

MRQ (ASX) Chart

Valid points.. but you are posting on a chart thread..chart's at...

Almonty Industries – Now it is getting critical!

Many are concerned about global falling birthrates. This diverse stock has solutions

MTM Crit Metals hits +1,870% returns YoY – but fundamental questions remain

Listen: HotCopper Wire Podcast 013 - They changed the IPO rules (and that's a good thing)

ASX Market Close: IT surges as Miners dumped | June 18, 2025

Featured News

Buyers (Bids)

Sellers (Offers)

Featured News

Valid points.. but you are posting on a chart thread..chart's at...

Top Stories

Almonty Industries – Now it is getting critical!

Many are concerned about global falling birthrates. This diverse stock has solutions

MTM Crit Metals hits +1,870% returns YoY – but fundamental questions remain

Listen: HotCopper Wire Podcast 013 - They changed the IPO rules (and that's a good thing)

ASX Market Close: IT surges as Miners dumped | June 18, 2025

Featured News

Buyers (Bids)

Sellers (Offers)

Featured News