Appendix did not come through on the HC document.
Here is an extract from the ASX. When you add the $743K R&D cash incentive received after quarter end, MMA has sufficient cash for 4 quarters, excluding significant drilling.
Board clearly has time to allow the SP to rise on the back of commodity price rises, allow exercise of $15M options and then organise drilling. Board has a history of frugal capital raises to minimise dilution of existing shareholders.
Patience is the most important virtue for investors and most people lack patience.
Appendix did not come through on the HC document. Here is an...
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Last
28.5¢ |
Change
-0.005(1.72%) |
Mkt cap ! $52.21M | |||
| Open | High | Low | Value | Volume |
| 29.0¢ | 29.0¢ | 27.0¢ | $21.80K | 78.73K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 2 | 39618 | 27.0¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 29.0¢ | 9794 | 2 |
View Market Depth
| Last trade - 16.10pm 07/06/2024 (20 minute delay) ? |
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Last
27.0¢ |
Change
-0.005 ( 5.50 %) |
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| Open | High | Low | Volume | ||
| 28.0¢ | 29.0¢ | 27.0¢ | 16646 | ||
| Last updated 11.52am 07/06/2024 ? | |||||
| MMA (ASX) Chart |