agreed! Frustrating and disappointing but patience is required. Rewards will follow.
looking at the cash flow statement for the June quarter it shows cash at $3.9 million and expenses at $1.6 million…so this is a busy quarter and I would expect the cash to be down to $2.3 million or less. Money will need to be raised. I believe that on the back of a successful drilling campaign at either or both projects money will be raised at a far higher price than the last raise at 5.7 cents and a one for two free option. Possibly 10+ cents or more.
copper is possibly the key to a healthy CR. Anything less than a 5.7 cents raise would be seen by the market as extremely disappointing and I don’t think it will happen.Money is easy to raise at this moment but it could change and the best time to raise money is from a position of strength.
- Forums
- ASX - By Stock
- Panic Selling
agreed! Frustrating and disappointing but patience is required....
-
- There are more pages in this discussion • 39 more messages in this thread...
You’re viewing a single post only. To view the entire thread just sign in or Join Now (FREE)
Featured News
Add MEI (ASX) to my watchlist
(20min delay)
|
|||||
Last
10.5¢ |
Change
0.005(5.00%) |
Mkt cap ! $203.9M |
Open | High | Low | Value | Volume |
10.5¢ | 10.5¢ | 10.3¢ | $191.6K | 1.829M |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
93 | 4949476 | 10.0¢ |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
10.5¢ | 2422835 | 17 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
99 | 5082899 | 0.100 |
2 | 235000 | 0.099 |
1 | 102040 | 0.098 |
2 | 102287 | 0.097 |
3 | 142500 | 0.096 |
Price($) | Vol. | No. |
---|---|---|
0.105 | 2422835 | 17 |
0.110 | 1402837 | 18 |
0.115 | 1134316 | 9 |
0.120 | 1414121 | 7 |
0.125 | 214000 | 2 |
Last trade - 12.33pm 30/07/2024 (20 minute delay) ? |
Featured News
MEI (ASX) Chart |
The Watchlist
MTL
MANTLE MINERALS LIMITED
Nick Poll, Executive Director
Nick Poll
Executive Director
SPONSORED BY The Market Online