OTCQX:MEAUF - Post by User
Comment by
tomgraniteon May 19, 2019 1:47pm
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Post# 29759714
RE:June 14th Annual Meeting in Toronto
RE:June 14th Annual Meeting in TorontoHi miner540. I sold the last of my shares on Friday. I can't see them adding any value to the company with the underground drilling. The veins are too narrow and the grades too low to make it profitable to mine.
There is no mention in the latest MD&A about an RE for the in-pit deposit. Their focus and cash is all going in to the underground drilling. This IMO will do nothing to attract a takeover. The amount spent on wages in the last quarter is too high for my liking, looks like directors are using the company as a meal ticket.
Another PP will be needed soon and the deep holes they are drilling will suck up the cash without adding any value.
Good luck to all we are still holding, but my patience has worn too thin.