MEI 5.00% 10.5¢ meteoric resources nl

agreed! Frustrating and disappointing but patience is required....

  1. 1,737 Posts.
    lightbulb Created with Sketch. 619
    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.
 
watchlist Created with Sketch. 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
Last trade - 12.33pm 30/07/2024 (20 minute delay) ?
MEI (ASX) Chart
arrow-down-2 Created with Sketch. arrow-down-2 Created with Sketch.