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MM8

Medallion Metals (ASX: MM8) has had some of their assay results come in and they look really good, and yet the market didn't respond much. Perhaps there's too much going on elsewhere in the world. They have successfully raised cash and have multiple assay results due over the coming days with an updated Mineral Resource Estimate due in the next few week.

They have multiple workstreams leading to a Bankable Feasability Study and a Final Investment Decision. And while sll this activity is good, it is also very expensive. I think this is what the market may be concerned about.

However, they did a cash raise at 21 cents and the share price has remained well above that, so there would seem to be strong shareholder belief in them. So these guys remain a strong little earner.

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