Forum Topics MEK MEK Murchison Progress Report

Pinned straw:

Added 7 months ago

Thursday 1st May 2025: Murchison Development Update - April 2025

Excerpts from pages 3 and 5:

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Getting close to production now, remembering that they're refurbing and upgrading the Andy Well processing plant, not building a new plant - this plant ran well for Doray Minerals back in the day, and it's going to be bigger and better under Meeka management, and while the share price has dropped to as low as 14.25 cents/share so far today, likely due to the fact that there is unlikely to be much in the way of further positive share price catalysts in May, until the plant commissioning begins in June (as shown in the timeline above), Meeka's SP remains within that rising channel, as shown below.

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Disclosure: I hold Meeka Metals (MEK) shares both here and in my largest real money portfolio.

skaex
Added 7 months ago

Looks like everything progressing to the plan and without hiccups. But market not liking it for whatever reason...good time to top up a little?!

6

BkrDzn
Added 7 months ago

The gold price is correcting. Other gold stocks and developers are correcting too. Its not about whether the market specifically likes or dislikes MEK's progress.

7

skaex
Added 7 months ago

100% agree... it's just a little steeper than others — down 12.90% in the last 5 days, despite relatively good news with commissioning set to commence next month. Any hiccups during commissioning have the potential to send it much deeper into the red. Just an observation.

6