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M2M - MT MALCOLM MINES NL

2026-06-25|52wk: -|- shares

🟡

Wait

Price

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Target

A$0.018

Upside

Mkt Cap

Cash

Investment Thesis

Analysis based on latest announcement.

What No One Else Is Seeing

Valuation & Price Target

See full analysis for valuation details.

Bear

A$0.007

Base

A$0.018

Bull

A$0.033

Key Risks

No specific risks identified.

Key Catalysts

Date	Event
Near-term	Pending drill results / assays
Medium-term	Resource estimate update

AI Analyst Note

See the full analysis for our detailed assessment.

This report is prepared by Clubroom Research for informational purposes only. It does not constitute financial advice or a recommendation to buy, sell, or hold any security. All opinions and estimates are subject to change without notice. Always do your own research and consult a licensed financial adviser before making investment decisions. Past performance is not indicative of future results.

AI-Generated Analysis - This report was produced using Clubroom Stocks' proprietary AI engine, built on our own curated databases, custom training pipelines, and specialist prompting frameworks developed exclusively for ASX resource sector analysis. This is not financial advice. Always do your own research before making investment decisions.

Mine Sites(1)

Rating History — 19 alerts

🌍 Australia — Tier 1 (full upside)

All returns measured from alert price as Day 0

DateAnnouncementVerdictAlert PriceSince AlertDay 1Day 5Day 20

↑ Upgradedfrom AVOID to WAIT

25 June 26Board Changes and Completion of Capital Raising

🟡Wait

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↓ Downgradedfrom WAIT to AVOID

24 June 26Board Changes and Completion of Capital Raising

🔴Avoid

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↑ Upgradedfrom AVOID to WAIT

19 June 26Placement of Entitlement Offer Shortfall

🟡Wait

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18 June 26Placement of Entitlement Offer Shortfall

🔴Avoid

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↓ Downgradedfrom PASS to AVOID

12 June 26Completion of Rights Issue

🔴Avoid

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↑ Upgradedfrom AVOID to PASS

25 May 26Exploration Drilling Planned at Calypso

📉Pass

A$0.007

0.0%

A$0.007

-14.3%

+28.6%

13 May 26Dispatch of Non-Renounceable Rights Issue Documents

🔴Avoid

A$1.00

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5 May 26Rights Issue Offer Document

🔴Avoid

A$8.00

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↓ Downgradedfrom WAIT to AVOID

27 Apr 26Non-Renounceable Rights Issue to Raise up to $2.066 million

🔴Avoid

—

21 Nov 25Supplementary Prospectus

🟡Wait

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↓ Downgradedfrom UNDERVALUED to WAIT

27 Oct 25Prospectus

🟡Wait

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↑ Upgradedfrom WAIT to UNDERVALUED

4 Sept 25Latest Gold Intercepts from RC Drilling Programs at Malcolm

💎Undervalued

—

-63.2%

A$0.007

0.0%

+10.5%

+21.1%

↓ Downgradedfrom UNDERVALUED to WAIT

30 June 25Placement of Entitlement Offer Shortfall

🟡Wait

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↑ Upgradedfrom FAIR VALUE to UNDERVALUED

23 June 25High Grade Intercepts Continue at Golden Crown

💎Undervalued

—

-60.7%

A$0.011

-10.7%

-14.3%

28 May 25Close of Rights Issue Entitlement Offer

⚖️Fair Value

—

12 May 25Extension of Entitlement Offer Closing Date

⚖️Fair Value

—

↑ Upgradedfrom WAIT to FAIR VALUE

14 Apr 25Equity Raise Paves Way For Drilling and Development Works

⚖️Fair Value

—

↓ Downgradedfrom UNDERVALUED to WAIT

11 Apr 25Trading Halt

🟡Wait

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3 Mar 25Gold recovery to 22.4 g/t from Golden Crown

💎Undervalued

—

-50.0%

A$0.011

+9.1%

+4.5%

Day 1 = 1 trading day after alert. Day 5 = 5 trading days. Day 20 = 20 trading days. Live = current price vs alert price. Each alert tracks independently — a re-rating starts fresh tracking from the new alert price.