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Meridian Mining UK Societas T.MNO

Alternate Symbol(s):  MRRDF

Meridian Mining UK S is focused on the acquisition, exploration, and development activities in Brazil. The Company is currently focused on resource development of the advanced Cabaçal VMS gold-copper project, the regional scale exploration of the Cabaçal VMS belt, the exploration in the Jaurú & Araputanga Greenstone belts all located in the state of Mato Grosso and exploring the Espigão polymetallic project in the State of Rondônia Brazil.


TSX:MNO - Post by User

Bullboard Posts
Comment by lechmeiron Jan 18, 2016 9:08pm
126 Views
Post# 24470608

RE:RE:God save the queen

RE:RE:God save the queen

What's the worst that can happen?  We don't come up with the money and we have to issue shares.   10 million... or fewer if the price advances a bit.

Well if the warrants had been issued we were going to see that dilution anyway.  Maybe we would have gotten a slightly better price, but I don't see an enormous difference....  a few million shares.  On the other hand if the share price goes into the .30 range, we come out slightly better.

Meanwhile the project advances.  It's about 5 months or so til the money's due.  I'm not known for patience, but they're doing their job.  I can't argue with them right now.

 

 

Bullboard Posts