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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 Feb 24, 2018 1:21pm
93 Views
Post# 27614701

RE:RE:heavyMNO...

RE:RE:heavyMNO...If the tin project is such a boondoggle, why not just walk away from it and suck up the
loss? I'm sure any agreement Meridian signed has some sort of "out" clause. The gold
is only an internal "pet project" and suspending it would only result in egg on someone's
face, not a huge loss. Direct the effort back to solely Mn. If there's lots of it, what's 10%
to the minority investors? If there isn't, add an extra 1/2 year to recoup the $50-60 mln
investment and not screw over the little guy? Great optics for Sentient and future
investments. Win-win? Isn't Sentient's problem moreso with Meridian's management
than with us? Sentient has had convertible debentures, loans, etc with us since day 1
and not taken "drastic action", why now? Just grasping at straws here... lol
Bullboard Posts