RE:RE:RE:Gonna be a busy week for MMGmattbigham wrote:
All these properties? There are only two properties.
Raising money to drill at depressed market levels requires excessive dilution.
Responsible exploreco's limit dilution.
There are hundreds,if not thousands of juniors that will dilute to drill only to roll back their shareholders.
MMG have not advanced their projects in that manner but feel free to choose an exploreco that will dilute your investment.
If you follow the company they have stated numerous times:
1. They want Newmont to fund the 2024 drill program at La Plata by striking their warrants.
2. MMG would like to farm out Keno out in sections to Hecla (west Keno) and competent junior exploreco's (Central and East Keno).
The alluvials have not progressed to bring in cashflow as fast as expected or hoped for to help fund exploration as per their plan.
The company have created 43-101's on both of their properties.
Over eight years of operations this junior exploreco have limited dilution to 167m shares o/s and have $7.5m in cash on hand..
La Plata is the flagship of this company at this juncture.
The 2023 drill program results is what investors and the market are anticipating most.
The subsequent resource update on La Plata that includes the 2023 DP and a revised tabulation that includes Au and PGM mineralization is then expected as per the company.
I guess they had a pretty good turnout at the PDAC which lifted the share price a bit. Now it looks like nervous nellies coupled with ultra-low volume are poised to drive the share price back down again. What's it gonna take to get the share price in the right direction once and for all? The stock, in my opinion, is way oversold. Who, in their right mind, would want to sell their paltry 20,000 shares for a measly 31 cents? Maybe silver prices at $50 US per ounce will help stir up some interest in this sector once again...?