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6.3¢ meeka metals limited

Better to merge with OAU , has high grade ore ( Well I am going...

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plough

34,119 Posts.

1880

23/08/23

14:51

Post #: 69503851
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Originally posted by figjam2708 ↑

1.4 Qtr cash as at June 30th. Either pull back on drilling, or raise funds. Going by last qtr cash burn they would be less than a Qtr left. Better to do a small fund raise now (good SP) and be in a better financial position when negotiating external plant funding IMHO.

Or re-jig the plan to start U/G mining first using existing plant. Build new plant depending on further drilling success at Murchisons or use 3rd party plant if not sufficient gold for independent plant. (I suspect we have enough gold in ground to built a plant, but requires Resource upgrade)

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Better to merge with OAU , has high grade ore ( Well I am going to call it ore ) from surface as announcement today boringly intonates .
Get a second hand ball mill for Andy Well site and start mining !

MEK Price at posting: 4.8¢ Sentiment: None Disclosure: Not Held
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(20min delay)
Last 6.3¢		Change -0.001(1.56%)		Mkt cap ! $95.77M

Open	High	Low	Value	Volume
6.4¢	6.6¢	6.2¢	$186.0K	2.891M

Buyers (Bids)

No.	Vol.	Price($)
2	7212	6.3¢

Sellers (Offers)

Price($)	Vol.	No.
6.4¢	611522	5

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No.	Vol.	Price($)
2	7212	0.063
4	454681	0.062
4	363114	0.061
4	267585	0.060
3	390000	0.059

Price($)	Vol.	No.
0.064	611522	5
0.065	1000	1
0.066	355728	3
0.067	227841	3
0.068	376083	5

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