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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

Post by FreddieSanfordon Feb 25, 2021 10:48am
90 Views
Post# 32657541

Let's assess Sentient's crossed out paper.

Let's assess Sentient's crossed out paper.Sentient wasn't going to buy more paper so no positive impact in the market and they were likely to sell into the open market on any strength ............ so a huge headwind.

Sentient was taken out ....... that headwind gone.

Ok ......... so the paper is put into other hands in a crossing episode ........ GREAT.

Now what?

Do those now cheaply papered up buyers continue to buy in the open market or do they wait for Clark to do something that will make other participants come into the open market and drive the price up?

The answer is likely ......... lots of cheaply papered up people/entities out there waiting on Clark to do something ........ so the crossing of Sentient paper ........ while good to prevent a sell in market (headwind) ........ DOES NOTHING IN ITSELF to drive further share appreciation.
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