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Megado Minerals Limited (ASX:MEG)

ALERT: Price-sensitive ASX Announcement for MEG
Current share price for MEG : $0.016 -0.001 (-5.88%)+
Announcement
Release
24 Apr 2026 8:14AM
Price at Release
$0.017
Full Release
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Summary
The quarterly activities report and Appendix 5B for Megado Minerals Limited, ended on 31 March 2026, outlines the company's cash flow activities. The report details a negative net cash flow from operating activities primarily due to administration and corporate costs amounting to $247,000. There are no receipts from customers or significant income from dividends or interest, resulting in a net cash outflow of $245,000 from operating activities. Investing activities also reflect a cash outflow of $460,000, with payments directed towards exploration and evaluation. Financing activities show no significant cash flow, as there are no proceeds from equity issues, debt securities, or borrowings. The report concludes with a statement of consolidation for Megado Minerals, with corporate offices based in both Madrid, Spain, and Perth, Australia.
Key Points
  • Megado Minerals Limited reported net cash outflow from operating activities of $245,000.
  • Administration and corporate costs were the primary cause of cash outflow, totaling $247,000.
  • Investing activities also reported a cash outflow of $460,000.
  • No significant cash flow from financing activities was recorded.
  • The report includes statements of consolidation for Megado Minerals.
IMPORTANT NOTE: This information is autogenerated and has not been reviewed for accuracy or completeness. You should refer to the full announcement here for further information.