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Bullboard - Stock Discussion Forum Metallic Minerals Corp V.MMG

Alternate Symbol(s):  MMNGF

Metallic Minerals Corp. is a resource-stage mineral exploration company, focused on copper, silver, gold, and platinum group elements in the North American mining jurisdictions. The Company's projects include La Plata, Keno Silver and Alluvial Royalties. The La Plata project covers approximately 44 square kilometers (km2) within the historic high-grade La Plata mining district located at the... see more

TSXV:MMG - Post Discussion

Metallic Minerals Corp > Very agressive retail seller
View:
Post by mattbigham on Mar 12, 2024 6:17am

Very agressive retail seller

Given the 2022 DP culmination NR and subsequent release of assays / NR the 2023 DP NR could be days to weeks away.
It's not easy acquiring 100,000+ shares of MMG on the open market.
Whomever sold is attempting a last ditch effort to get in lower.
With all four drill holes being fully mineralised, extending 1,350m in depth selling shares at this stage seems bizarre.

Highlights

  • Drilling totalled 4,530 meters in four resource expansion drill holes ranging from 965 meters in depth to 1,350 meters in hole LAP23-06, which is the deepest hole to date in the project.
  • All four drill holes intersected porphyry style mineralization over their entire lengths with varying levels of visible copper sulphides and vein density.
  • Drilling in 2023 has extended mineralization to more than 1.5 kilometers vertically starting at surface and is anticipated to allow for inclusion of both gold and platinum group elements in future mineral resource estimates along with copper and silver.


Comment by deet on Mar 12, 2024 10:09am
Totally weird trading day yesterday. Lots of buying into the bid took the share price to 37 cents. Just as it looked as though we may be in for a long-awaited rally...the share price dropped like a ton of bricks on low volume....and we actually ended the day down from Friday's close. I don't get it.
Comment by deet on Mar 12, 2024 10:12am
Sorry...that should read: "lots of buying into the ask." yesterday morning.
Comment by schocor on Mar 12, 2024 1:30pm
Interested to see the next 4 holes from La PLata - never happy when dril lresults are "delayed". Last years super hole at La PLata ended in a high grade section of PGM minerilazation; if htey can repeat that performacen on one or more holes this year we shoudl be good for a new level of trading.