The problem is...Even at this SP our market cap is $30 million. We own 18.5% of BMC, so
simple extrapolation means "Meridian" would have a market cap of about
$160 million. Based on what? The only resource estimate to date was a
43-101 of 1 million tonnes Mn when RM was bought. Subsequent to that,
lots of arial work, lots of drilling, even lots of panning for gold, but not a
single update on the resource(s). Does anyone here really believe that
"Meridian" is going to list at a dollar or more?
It's going to take a massive PR campaign to justify a SP anywhere close to
a buck. There's no point in releasing 43-101s before the RTO to bolster the
price of a disappearing company. So... why not dump some shares now and
buy "Meridian" shares a heck of a lot cheaper a month from now... even when
factoring in the consolidation.
But still... GLTA