MEG - Megado Minerals

[System]

Megado Gold Limited is an Australian public company incorporated on 8 March 2019 for the purpose of acquiring the rights to prospective gold projects in Ethiopia.

Since incorporation, the Company has acquired rights over five (5) granted exploration licences in Ethiopia. The Company is the licensee of the Dawa and Chakata Licences (through its Ethiopian registered branch office, Megado Gold Ltd), the Mormora Licence is held in the name of Crau Mining, S.L., a private Spanish entity, but controlled by the Company, and the Babicho and Chochi Licences are held by Ethiopian companies, of which the Company is the 80% shareholder.

The Company (through its branch office Megado Gold Ltd) has applied for another exploration licence over an area of approximately 227 km² in a proximate region, called the Dermi Dama Licence.

The Company intends to conduct exploration activities on the Licences with a view to evaluating and exploiting the gold opportunities presented as a result of exploration.

It is anticipated that MEG will list on the ASX during October 2020.

Megado Gold Limited – An ASX-listed Gold Exploration Company

megadogold.com

 

[greggles]

Megado Gold share price flying today after announcing that it has acquired a high-grade REE Project in Idaho, USA. The share price is now back to around what it was when MEG initially listed in October 2020.

Location of the project and sampling grades look good. Market cap is still quite low ($7.9 million), so any further exploration success should see some solid share price gains.

One to watch.

 

[System]

On July 7th, 2022, Megado Gold Limited changed its name to Megado Minerals Ltd.

 

[Dona Ferentes]

Megado Gold share price flying today after announcing that it has acquired a high-grade REE Project in Idaho, USA.

Megado share price flying today with a transformative Lithium acquisition

And the early money in and out. Price for new money at 4.5c

One to watch

from the sidelines

 

[frugal.rock]

Chart update. Watch it from whatever vantage you like.

 

[frugal.rock]

Chart update.
Not held.

 

[frugal.rock]

Another update.

 

[frugal.rock]

Schmeg update