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Meridian Mining UK Societas T.MNO

Alternate Symbol(s):  MRRDF

Meridian Mining UK Societas is focused on development and exploration of the advanced stage Cabacal VMS gold-copper project, regional scale exploration of the Cabacal VMS belt and exploration in the Jauru & Araputanga Greenstone belts (the above all located in the state of Mato Grosso, Brazil). The Cabacal Project has licenses covering approximately 50 kilometers (km) of the 55 km VMS belt. The Espigao Project is located on the southwest margin of the Amazon Craton, in the western margin of the Proterozoic Rondonia-Juruena Province. The Company’s Espigao Project covers an area of 72,800 hectares. The Company holds mineral rights totaling 55,559 Ha in the Mirante da Serra Project. The licenses cover an area with an intracratonic basin in the Amazon Cratin, emplaced over crystalline basement rocks of the Jamari metamorphic complex and Mesoproterozoic Rapakivi granites. Its Ariquemes Tin Project comprises a land package in Brazil.


TSX:MNO - Post by User

Bullboard Posts
Comment by TFSAfundson Mar 18, 2015 5:00pm
105 Views
Post# 23535827

RE:Encouraging Signs?

RE:Encouraging Signs?I don't see the SP doing much for the next few months. We'll be around this level
for a while yet.

I suspect that some, those who bought in during the last 12-18 months, are beginning
to exit, looking for greener pastures. They were hoping for a "quick" return and have come
to the conclusion that it's not going to happen! We're looking at years here, not months,
before we see that 10 bagger (hopefully!!!) It will steadily go up as time progresses, but
not fast enough for them.

Regarding upcoming financials, I can't envision much better results in the Year End and
Q1 numbers. If anything, they might even be a step backwards. Remember Q4 is only
2 months this time around. Both Q4 and Q1 comprise the rainy season, so mining and
processing ain't happening. We already have stockpiles. I don't know when the soybean
crops need to be fed the Mn fertilizer, but with harvest time just around the corner I think
that sales opportunity has passed. Out of curiosity, what is our sales team down there
doing. You'd think they'd have sold something by now and we would have heard?

As I have mentioned previously, there are also those obligations requiring financing to
be resolved. No news to date on that front either. No doubt, that will hang over our heads
for several, if not many months.

I know this all sounds a little depressing, but it is what it is. No matter how you slice it,
this is going to take time. Bright side... a lengthy buying opportunity for those with
confidence!

Bullboard Posts