MEU - Marmota Limited
- Thread starter Miner
- Start date
- Joined
- 27 June 2010
- Posts
- 4,147
- Reactions
- 309
On November 14th, 2016, Marmota Energy Limited changed its name to Marmota Limited.
- Joined
- 31 March 2017
- Posts
- 261
- Reactions
- 208
This month's competition entry for me. They have a veritable shipload of gold in the ground (>30g/t). The SP is finally above the recent resistance of around 2.2c. I reckon it's ready for a run.
Just watch as it pops at the end of August instead of sometime in September.
Just watch as it pops at the end of August instead of sometime in September.
greggles
I'll be back!
- Joined
- 28 July 2004
- Posts
- 4,460
- Reactions
- 4,494
Marmota up 13.6% to 5c so far today after news it has made a a formal fully-funded $1.3m offer to acquire Tyranna's Jumbuck Gold Project, which is located immediately adjacent to MEU ground.
Terms of the offer are:
A previous offer for the Jumbuck Gold Project was made by Syngas Limited in October 2019. That offer was for $950,000, although clearly with the gold price having improved significantly since then, the increase in the offer price makes obvious commercial sense. MEU have come in over the top of SYS with a much more attractive offer to sweeten the deal.
Previous results from the Campfire Bore Gold Prospect at Jumbuck reported shallow high grade gold intercepts.
Obviously a lot more drilling needs to be done but there is clearly a lot of potential there.
Terms of the offer are:
A previous offer for the Jumbuck Gold Project was made by Syngas Limited in October 2019. That offer was for $950,000, although clearly with the gold price having improved significantly since then, the increase in the offer price makes obvious commercial sense. MEU have come in over the top of SYS with a much more attractive offer to sweeten the deal.
Previous results from the Campfire Bore Gold Prospect at Jumbuck reported shallow high grade gold intercepts.
Obviously a lot more drilling needs to be done but there is clearly a lot of potential there.
- Joined
- 2 May 2007
- Posts
- 4,688
- Reactions
- 2,901
Could it be MEU just publishes good result but do nothing to get market excited ?
Trading Halt https://cdn-api.markitdigital.com/a...access_token=83ff96335c2d45a094df02a206a39ff4
and the discovery of 165 g /ton
and this report from Stock Head - NO REACTION . Is there some thing between the lines ?
https://stockhead.com.au/resources/...65-g-t-gold-assay-at-aurora-tank-discovery/?u
Trading Halt https://cdn-api.markitdigital.com/a...access_token=83ff96335c2d45a094df02a206a39ff4
and the discovery of 165 g /ton
and this report from Stock Head - NO REACTION . Is there some thing between the lines ?
https://stockhead.com.au/resources/...65-g-t-gold-assay-at-aurora-tank-discovery/?u
- Joined
- 31 March 2017
- Posts
- 261
- Reactions
- 208
idk what they need to do. Mind you when I first noticed them they were at 2.2c.
a JORC would probably help.
a JORC would probably help.
Dona Ferentes
A little bit OC⚡DC
- Joined
- 11 January 2016
- Posts
- 15,080
- Reactions
- 20,440
MEU looking to raise $5 million at 5.3c a share, with some oppies attached
Looking to
Looking to
- move the Aurora Tank gold project towards production,
- apply for gold mining leases,
- for exploration drilling at its Jumbuck acquisition,
- also some towards Junction Dam uranium project, adjacent to Boss Energy’s Honeymoon uranium plant,
- ... and for working capital.
- Joined
- 2 May 2007
- Posts
- 4,688
- Reactions
- 2,901
After many moons, I am revisiting the MEU thread. Ironically, the threat was started by me back in 2007, and I was very hopeful then.
As dear Trader Paul then commented on this stock to go down, I was a non believer. But I now see he was a far-sighted investor.
For speculative gain, I am thinking of putting this as my tip for Nov (just a thought) but probably the price will disqualify this stock.
As dear Trader Paul then commented on this stock to go down, I was a non believer. But I now see he was a far-sighted investor.
For speculative gain, I am thinking of putting this as my tip for Nov (just a thought) but probably the price will disqualify this stock.
- Joined
- 2 May 2007
- Posts
- 4,688
- Reactions
- 2,901
MEU is showing some good signs .
Hope
it will keep the trend but not too high before 31 Oct to boost my tip for Nov
Hope
it will keep the trend but not too high before 31 Oct to boost my tip for Nov
- Joined
- 2 May 2007
- Posts
- 4,688
- Reactions
- 2,901
MEU published their annual report yesterday and Quarterly today. Their excitement market dampened with 10% reduction at the start of trading today.
I am guessing that could have for two reasons.
I am guessing that could have for two reasons.
- Most importantly to bring down my tipping price at a low level to rise in Nov
- Company indicated Phase 2 drilling to be determined on the result of assay to be published in early Dec. After 20 Km drilling, you already talking on second drilling however realistic and strategic mode that is. Market probably did not like it.
