Australian (ASX) Stock Market Forum

MTL - Mantle Minerals

Wants to be on the move.
Tenement next-door to De Grey so who knows.
Have noticed price moving along, and seems to be picking up steam...
6 month chart. Watching out of interest.
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It was $0.014 when posting, and I noticed it jumped to 0.015 on the screen shot and trades of around 10million vol went through... and still running. :beaver:
 
The Company has completed a low level detailed airborne magnetic survey over the entire tenement areas of Roberts Hill and Mt Berghaus. Thorough evaluation of the total magnetic intensity data will commence with a special focus on identification and delineation of special intrusive rock-types within specific shear and lineament orientations. Anomalous locations will then be further evaluated by future drilling.

Following successful Heritage and Government approvals, the Company is optimistic that it will be able to conduct the first pass aircore drilling program at Roberts Hill before year end.
Caeneus CEO Rob Mosig commented, “the placement completed by the Company last week has provided an excellent treasury to conduct meaningful exploration on our Mallina Province Projects. It is with great excitement that we can now fast-track activities at our Roberts Hill project which immediately abuts the De Grey Mining Limited tenements containing their exciting Hemi and Shaggy deposits. We look forward with much confidence to interpret the latest low level magnetic data as a prelude to the aircore drilling we expect to start later this year.”
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The Company has completed a low level detailed airborne magnetic survey over the entire tenement areas of Roberts Hill and Mt Berghaus. Thorough evaluation of the total magnetic intensity data will commence with a special focus on identification and delineation of special intrusive rock-types within specific shear and lineament orientations. Anomalous locations will then be further evaluated by future drilling.

Following successful Heritage and Government approvals, the Company is optimistic that it will be able to conduct the first pass aircore drilling program at Roberts Hill before year end.

View attachment 111843


Looks like a bit of a DeGrey nearology play.
 
Looks like a bit of a DeGrey nearology play.
The market seems to have the risk appetite for it.
Even if it was around 10% as successful as DeGrey share price, that's around a 1000 % profit margin from current prices.
Level big risk to potential return looking good so far... Have to look into it further.
Cheers
 
The market seems to have the risk appetite for it.
Even if it was around 10% as successful as DeGrey share price, that's around a 1000 % profit margin from current prices.
Level big risk to potential return looking good so far... Have to look into it further.
Cheers

DeGrey is an amazing story; to reach the lofty market cap of ~$1.7 billion without pouring any gold or having done a feasibility study. Investors seem to really back management to perform here. I hope it doesn't go the way of the Dutch tulips for those investors.
 
So, a little bit more "looking into it" yesterday and I decided to purchase a small parcel when 0.014 was available again.
Had watched De Grey take off without getting on board, and have seen CAD steadily increasing from around 0.01
It's like "slow TV" if you don't buy an entry ticket.... slow TV where you kick yourself for not doing what you should have when you should have.

In-the-middle-of-difficulty-lies-opportunity.-Albert-Einstein.png
 
DeGrey is an amazing story; to reach the lofty market cap of ~$1.7 billion without pouring any gold or having done a feasibility study. Investors seem to really back management to perform here. I hope it doesn't go the way of the Dutch tulips for those investors.

Agree re the Tulips. :nailbiting:

They recently raised $2 million Capital at a premium to the SP at 1 cent to Sophs (7th Sep) Been all uphill since. That $2 million+ has likely been turned over/traded now so if the Sophs have taken profits and the Day Traders leave the building, it will be left to the over exuberant Retailers to do the pushing. They will need some results to hold the current momentum ..... Too many ifs and buts to place anything substantial on but as you say @frugal.rock , a small stake left to fester could net you a life time of beer money somewhere in the future:jimlad: I'm way over committed at the moment so not for me this little fella.
 
Agree re the Tulips. :nailbiting:

They recently raised $2 million Capital at a premium to the SP at 1 cent to Sophs (7th Sep) Been all uphill since. That $2 million+ has likely been turned over/traded now so if the Sophs have taken profits and the Day Traders leave the building, it will be left to the over exuberant Retailers to do the pushing. They will need some results to hold the current momentum ..... Too many ifs and buts to place anything substantial on but as you say @frugal.rock , a small stake left to fester could net you a life time of beer money somewhere in the future:jimlad: I'm way over committed at the moment so not for me this little fella.

? Putting the words Tulip and DeGrey in the same sentence can be a very dangerous thing to do in the company of some crowds from the Wild West.
 
Excerpt from QUARTER ENDED
30 SEPTEMBER 2020

Aeromagnetic Survey

On 28 August 2020, the Company announced the completion of a 10-day field reconnaissance over Roberts Hill and Mt Berghaus.

The aim of the visit was to establish vehicular access available for future drilling programs and to review flight survey specifications for the Company’s airborne magnetic survey.

As a result of the field visit, the Company finalised its requirements for an airborne magnetic survey which commenced on the first week of September.

The airborne survey was conducted on 50 metre line spacings with a survey sensor height of approximately 35 metres.

Thorough evaluation of the total magnetic intensity data will commence in October, with a special focus on identification and delineation of special intrusive rock-types within specific shear and lineament orientations.

The company will announce this evaluation in the second half of October.

Anomalous locations will then be further evaluated by future drilling.
 
Still waiting on the results from aeromagnetic survey over Roberts Hill. Was supposed to be released already. Not hidden in quarterly either.
The company will announce this evaluation in the second half of October.
My pick for November comp and holding. Initial entry 0.015
Holding doubled on Friday on 0.01
 
My pick for November comp and holding. Initial entry 0.015
Holding doubled on Friday on 0.01
Today has seen interest pick up exponentially in relation to the last few weeks.
I have a decent sized holding now after averaging in on the lower prices.
Hope the interest holds and announcement flows with a nice timing for the end of month competition result.

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Hope the interest holds and announcement flows with a nice timing for the end of month competition result.


The assessment/announcement re their recent airborne geophysical surveys at the Yule River tenement are technically overdue. Price action indicates news is close. Hopefully it turns out to be positive on your behalf Rock :nailbiting:
 
Thanks Barney.
Yarp, price & volume interest has jumped today.
Turning into the biggest volume day for over a month. :nailbiting::whistling:
 
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