RE: Back to a .035 bid! I respectfully suggest that both you gentlemen are missing the point. Buybacks never, ever work in the juniors. That’s just not what they do. Look at the buyback disaster that Aroway Energy tried to do last year with Jordan Capital Markets. It destroyed their share price. And that’s a decent, cashflowing oil company.
The company is not hunkering down, they have JVs under development and cash and shares coming in on all fronts on non-core properties.
Most of all they are drilling right now at Ogden with results pending. This was just announced. There’s no way any of those results are even out of the DD holes, let alone back from the lab, so whomever is liquidating is doing so just because MEK is fully funded and has a bid.
This is how all junior bear markets bottom. Crazy ideas like a company emptying its treasury to buy shares in the market or groups panic liquidating anything that has a bid.
Metals Creek is aggressively drilling right now in one of the world’s best Gold camps. The best way out of a bear is with disciplined work and drilling, drilling, drilling!
On the bid and glad to be here - Jarrko