MEI

4.44%

8.6¢ meteoric resources nl

Thanks 8, the comparative numbers speak for themselves, I'm not...

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McHale

1,744 Posts.

2138

16/11/17

11:55

Post #: 28848083

Originally posted by 88888acct ↑

Agreed. Minuscule market cap relative to peers. This is a strong BUY from here at $32m EV $34m MC (fully diluted with historical grades of greater than 10%) versus the likes of CLQ ($970m MC and .13% co), AUZ ($330m MC and .11% co) and ARL ($236m MC and .09% co). In terms of a high grade peer comp, EUC with similar historicals is trading at $200m MC and is probably undervalued at those levels. Thus MEI has a long way to rerate to a fair value.

Column 1 Column 2 Column 3

1 {colgroup}

2 {col=374x@}{/col}{col=100x@}{/col}{col=100x@}{/col}

3 {/colgroup}

4 Date: 09/10/2017

5 Share price: 0.063

6 MC Proceeds from Issue

7 FPO 461,227,190

8 Options - at an exercise price of $0.012 per share and will lapse at 5.00pm, (Sydney time) on 9.9.2020 9,000,000 108000

9 Options at an exercise price of $0.02 cents per share and will lapse at 5.00pm, (Sydney time) on 30.6.18 8,150,000 163000

10 Options each exercisable at 0.011 with a 3 year expiry date to various advisors to the company in relation to the acquisition, half vesting on a 20 days VWAP of $0.04 and half vesting on a 20 day VWAP of $0.08, at an issue price of $0.0001 each 60,000,000 $660,000.00

11 Performance rights 5,000,000 $0.00

12

13

14 Cash $1,300,000.00

15 Shares 543,377,190

16 Market Cap $34,232,762.97

17 Less cash and proceeds from issue $2,231,000.00

18 Enterprise Value $32,001,762.97

The need for a recap prior to their drilling campaign is the only thing holding them back now. Look at HEG post 10c placement, within a week was trading 50-75% and 35% on open. GL to people selling with the view to get in at or around placement price.

Cheers,

Expand

Thanks 8, the comparative numbers speak for themselves, I'm not selling any.

But some cobalts have been getting a caning last few days after a massive run last 2 months, bit of deja vue to earlier this year Feb Mar, same thing happened. But we've come a long way since then.

Fully believe this story is only beginning, keep the faith.

MEI Price at posting: 6.4¢ Sentiment: Buy Disclosure: Held

5 Upvote

0 Great analysis

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(20min delay)
Last 8.6¢		Change -0.004(4.44%)		Mkt cap ! $197.0M

Open	High	Low	Value	Volume
9.0¢	9.0¢	8.3¢	$606.0K	6.988M

Buyers (Bids)

No.	Vol.	Price($)
3	958173	8.5¢

Sellers (Offers)

Price($)	Vol.	No.
8.6¢	99179	1

View Market Depth

No.	Vol.	Price($)
3	958173	0.085
2	266898	0.084
5	153072	0.083
8	298458	0.082
4	468246	0.081

Price($)	Vol.	No.
0.086	99179	1
0.087	201969	1
0.088	50000	1
0.089	10000	1
0.090	1189615	4

Last trade - 16.10pm 06/09/2024 (20 minute delay)

MEI (ASX) Chart

Thanks 8, the comparative numbers speak for themselves, I'm not...

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Perseus Mining boosts stake in Predictive Discovery to 19.9% as latter's flagship project stalls

HotCopper users blunt as Biotron sinks -35%; long-awaited COVID drug results same as placebo

Featured News

Buyers (Bids)

Sellers (Offers)

Featured News

	Column 1	Column 2	Column 3
1	{colgroup}
2	{col=374x@}{/col}{col=100x@}{/col}{col=100x@}{/col}
3	{/colgroup}
4	Date:	09/10/2017
5	Share price:	0.063
6		MC	Proceeds from Issue
7	FPO	461,227,190
8	Options - at an exercise price of $0.012 per share and will lapse at 5.00pm, (Sydney time) on 9.9.2020	9,000,000	108000
9	Options at an exercise price of $0.02 cents per share and will lapse at 5.00pm, (Sydney time) on 30.6.18	8,150,000	163000
10	Options each exercisable at 0.011 with a 3 year expiry date to various advisors to the company in relation to the acquisition, half vesting on a 20 days VWAP of $0.04 and half vesting on a 20 day VWAP of $0.08, at an issue price of $0.0001 each	60,000,000	$660,000.00
11	Performance rights	5,000,000	$0.00
12
13
14	Cash		$1,300,000.00
15	Shares	543,377,190
16	Market Cap	$34,232,762.97
17	Less cash and proceeds from issue	$2,231,000.00
18	Enterprise Value	$32,001,762.97

Thanks 8, the comparative numbers speak for themselves, I'm not...

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Orthocell kicks off collagen-based dental bone repair product sales in Canada; eyeing next stop Brazil

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Laramide sniffs prime Kazakh uranium, with agreement over 6000 square km land position

Shekel Brainweigh investor presentation webinar – the future of retail automation

Red Mountain Mining: record gold prices, two projects, two greenstone belts

Week 36 Wrap: AI hype wave tested again; Oz per capita recession continues; AirTrunk’s $40B+ payday

Metallurgical testing shows saleable copper and pyrite from QMines' Develin Creek project

Perseus Mining boosts stake in Predictive Discovery to 19.9% as latter's flagship project stalls

HotCopper users blunt as Biotron sinks -35%; long-awaited COVID drug results same as placebo

Featured News

Buyers (Bids)

Sellers (Offers)

Featured News