I like the strategy, just speculating here but it's quite possible BMR have had further positive results at Island 27 and With that knowledge through our new geo we have staked a claim very close by. If that should be the case and BMR release more positive news in the prospectus regarding Iron Mask and Island27, MEI could be very well placed to have a positive spike in the SP due to two nearology plays (not just iron mask), Then In the event MEI can actually prove up the holdings with strong grades then it will be up again. With the company now managing 4 claims and having $5m in the bank, a highly strategic drilling campaign should reward patient holders. If you put any of these claims into another shell on the asx at the moment it would be rather probable that they could all hold a decent market cap off their own back, that being the case a $36m MC over four leases with funding looks very cheap. I've been a little on the fence here lately but this is a very strong buy from what I can see, I don't think there has been a better time to enter this stock. With Winter in Canada atm we are being provided a good chance to enter or top up. Once the sun is shining and the drills hit the dirt it's very unlikely we will be trading at these levels again.
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Last
9.4¢ |
Change
0.001(1.08%) |
Mkt cap ! $222.2M |
Open | High | Low | Value | Volume |
9.3¢ | 9.5¢ | 9.2¢ | $286.0K | 3.065M |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
8 | 419952 | 9.1¢ |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
9.5¢ | 22882 | 2 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
5 | 1773521 | 0.011 |
11 | 2924000 | 0.010 |
6 | 4510000 | 0.009 |
7 | 2258300 | 0.008 |
1 | 142857 | 0.007 |
Price($) | Vol. | No. |
---|---|---|
0.012 | 620532 | 3 |
0.013 | 1998837 | 5 |
0.014 | 926384 | 7 |
0.015 | 670000 | 2 |
0.016 | 1179000 | 5 |
Last trade - 16.10pm 29/11/2024 (20 minute delay) ? |
MEI (ASX) Chart |