MEI

2.15%

9.1¢ meteoric resources nl

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

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McHale

1,104 Posts.

533

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 9.1¢		Change -0.002(2.15%)		Mkt cap ! $222.2M

Open	High	Low	Value	Volume
9.4¢	9.6¢	9.1¢	$122.1K	1.323M

Buyers (Bids)

No.	Vol.	Price($)
16	573100	9.1¢

Sellers (Offers)

Price($)	Vol.	No.
9.2¢	51329	8

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 - 12.39pm 04/12/2024 (20 minute delay)

MEI (ASX) Chart

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

History-making uranium sample grades and an imminent drill run. Infini Resources is poised to transform in 2025

This biotech stock raised $11M in a risk-off environment. Its Alzheimer's drug could change the game

Chris Judd's Talk Ya Book: Orthocell building on 'enormous potential' with steady growth - and US push to come

Breaking news: New opportunities for investors & companies - HotCopper opens to capital raising!

Global Lithium up 13% as it joins the ranks of battery metal players pivoting to gold

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...

Top Stories

History-making uranium sample grades and an imminent drill run. Infini Resources is poised to transform in 2025

This biotech stock raised $11M in a risk-off environment. Its Alzheimer's drug could change the game

Chris Judd's Talk Ya Book: Orthocell building on 'enormous potential' with steady growth - and US push to come

Breaking news: New opportunities for investors & companies - HotCopper opens to capital raising!

Global Lithium up 13% as it joins the ranks of battery metal players pivoting to gold

Featured News

Buyers (Bids)

Sellers (Offers)

Featured News