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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
Post by TFSAfundson Oct 28, 2016 12:31pm
115 Views
Post# 25398754

Really???

Really???Some of you want to try and force a "better" deal with Sentient? You do realize
that Sentient can pull the plug on this deal and simply go back to chipping away
at our ownership percentage at any time prior to the vote and even after the vote!
Our destiny was set 2-1/2 years ago when everyone (save for about 50k shares,
and no it wasn't me) voted in favour of letting Sentient get involved. We were
broke at the time with little hope of finding big funding... remember Andrew Male's
dog & pony show in 2013? Some knelt before Sentient, saying they were only
equal partners and would treat us as such... oh yah!!! We all know what has
happened since then.

We, that is, the original Cancana shareholders currently own 9.6% of BMC and
that is ALL! We do not own or hold the mineral rights to gold, tin, diamonds or
even manganese for that matter. We gave up everything to BMC and only hold
a minority interest in that. We did it to ourselves when we "partnered" with
Sentient!

Consider ourselves lucky. Sentient is giving us the 18.5% based on the O/S
share count of 81,857,105... not the fully diluted figure of 93,756,819. Right there
is a 14.5% bonus for us... They could have converted that note! And they are giving
us that almost 2% overall bonus. Yes, I'm most definitely disappointed in that figure,
but there is absolutely nothing we can do about it. Grin and bear it, as they say. It
could be worse.

All that being said, we are all going to come out of this with a tidy profit, in spite
of the time spent here! Don't look that "gift horse" in the mouth... Don't bite the
hand that feeds you... Right now, it's all or nothing... You had a choice 2-1/2 years
ago and chose this. May as well accept it, you can't do anything about it now.
Except of course, to shoot yourself in the foot or to cut off your nose to spite your
face...

and of course... GLTA
Bullboard Posts