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1.03%

9.8¢ meteoric resources nl

If that's all true why has the market gone cold on it , it's...

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bungalowbill

512 Posts.

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22/05/18

11:04

Post #: 33248197
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Originally posted by Wilma85 ↑

ECS (TSE) and NCZ (ASX) are the only two with decent grades. I think we’ll see NCZ start to move up that list a bit soon.

I can’t wait until we start our maiden drilling campaigns on Mulligan and Iron Mask, I’m expecting some very good grades from both of them.

The market is flooded with companies with prospective cobalt projects it’s difficult to get noticed until you start drilling and can define a resource. The good thing is this presents a good buying opportunity for those that still want to buy-in or accumulate MEI from such an early stage.

I think Tunks, Orix Geoscience and Tony Cormack have done an outstanding job of building a portfolio of highly prospective cobalt projects. Timing is everything, and while we aren’t the first cobalt play on the scene, we will be right on time for the ramp up of the EV revolution and the explosion of LiB gigafactories.

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If that's all true why has the market gone cold on it , it's share price has halved . Obviously there is little competition for the ground . They just keep on getting more & more of it . It is an expensive business holding & managing it . Just doing deals to acquire more land doesn't make a mining company . I think the market is a little concerned at this stategy.

MEI Price at posting: 3.5¢ Sentiment: Hold Disclosure: Held
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(20min delay)
Last 9.8¢		Change 0.001(1.03%)		Mkt cap ! $222.2M

Open	High	Low	Value	Volume
9.8¢	10.3¢	9.7¢	$318.6K	3.224M

Buyers (Bids)

No.	Vol.	Price($)
3	104546	9.7¢

Sellers (Offers)

Price($)	Vol.	No.
9.8¢	2896	1

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 22/11/2024 (20 minute delay)

MEI (ASX) Chart