OTCQX:MEAUF - Post by User
Comment by
investornoton Nov 12, 2011 12:09pm
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Post# 19232246
RE: Ugh
RE: UghI'd have to partly agree with you whoa_rimcheese about the MD&A being under-whelming. Not very professional either that the company put the MD&A on their website, but mistakenly the content is the November 2010 report. Found the Financials and MD&A on SEDAR. It still does show some promise but future results will have to out-perform these. A share price of higher than $.23 is needed to make the stock options profitable and I think you will see a push for that over the next 6 months as long as the 43-101 report is not a disaster. So, the company could have nearly $4MM in cash on hand and extend its drilling program through another year in hopes of finding more significant results. It will be a given though that if we do see a bump in price that the company will look to raise more capital, which in the short term would likely deflate the value. This one will be a roller coaster ride for a while to come.