Stock Analysis

According to its September quarter report and Appendix 4C, released on 21 October 2026, MEC's own cash position is modest but its spending is low, giving it a reported funding runway of nearly three years. Shareholders will have their next formal opportunity to question …

The question for the company is funding that next phase. According to its September quarter Appendix 5B, released on 30 October 2026, Moho held $738,000 in cash at 30 September and estimated 0.914 quarters of funding available. It said it had not yet taken …

That leaves Moab's next steps on Manyoni, including metallurgical testwork and drilling, explicitly dependent on funding. TheAnnual General Meetingon 30 November 2026 will also vote on shares to pay for recently acquired tenements.

The September quarter report, released on 29 October 2026, shows that strategy in practice. Marquee carried out a short first drilling programme at Yindi and surface sampling at West Spargoville. It also received a $549,122 R&D tax refund. Even so, cash remains limited. The …

That is the central point for anyone looking at the stock: the September quarter Appendix 4C, released on 14 October 2026, shows no customer receipts, a modest cash balance and a board that says it is "investigating variousBusinessopportunities". No newAcquisitionor transaction has been announced.

The key point for shareholders is that most of that ground is not yet held. Eighteen of the tenements are applications pending grant and the East Scotia acquisition had not completed at quarter end, so the headline area depends on approvals and a transaction …

These results are the next major news expected from the company. They also matter for funding. Its September quarter Appendix 5B, released on 7 October 2026, showed $1.62 million in cash after a $3.5 million placement. At the quarter's very high exploration spending rate, …