RE:RE:RE:Promotional pop...TFSAfunds, I'm ok with a vegetable processor using "meat" in the promotion sense. Any reasonable person looking at the promotion understands the concept of plant based meat substitutes being crafted to look, feel and taste like an actual meat. It's not for everyone but it is an investment flyer these days and highly promotable. Very Good Butchers currently trades at about CAD $4.00 and the model to look at to see where it could go would be that of Beyond Meat which trades at USD$127.00 currently.
I consider profitability for my trading account and fake meat is working out very well in that consideration but this is off topic here so we can drop that subject.
Was the halt overplaying the significance of the news? I won't spend any time arguing that the halt was necessary as I don't believe it was other than to say McArthur must have viewed it as a fundamental change in business from an acquisition standpoint so the halt was requested. Had McArthur put the bonanza grade intercept as a headline then I wouldn't give him the light pass on the halt.
Is this ticker a recycle of older issuers? The answer is a question, aren't most?
As a exploration company you report historical information in order to show investors the basis for the acquisition and then you present a plan to validate and build upon the historic findings. The article I provided the link for in my earlier commentary provides details into how the company will channel their focus heading into 2021. Gold and copper and other VMS metals are the majority of the focus. The article doesn't get into the management history of the company but upon checking, I do see the history of ticker changes on the exchange which tells me that it is in line with most. Older investors usually feel pain while newer investors have a chance to make the money older investors were hoping to make.
Better fortunes now? Depends where you fall on the chain of investors line and of course results from the exploration efforts.
You suggest I might be in dreamland in contrast to your perceived realism. I don't dream about making money through stock investment. I go about trying to actually make it.
Will MNO make me money? It's too early to tell on this Cabacal deal but a few more press releases will give direction and a feel for probability. I don't think placement paper becoming free trading will be an issue as there isn't a long way to fall and with such low average daily volume, those investors inclined to sell would kill the tiny bird they have in their hand in a flash.
Your observation is correct though. Currently, any bit of support showing up on depth is smashed. The next few press releases can change that pattern for the better or else your prophecy of placement paper getting dumped will be quick and short lived to get to the yearly lows destination.
A couple things that I have questions about and are more in line with your cynicism are
(a) "The Company is also pleased to announce it has engaged Mr James McLucas of North 51 Mining Limited to aid in Meridian's corporate development."
A quick look into North 51 Mininig Limited reveals the company was just recently incorporated in the UK on 26/10/2020. A guy under 40 years old who just incorporated his own company of which Meridian references in their statement detailing his role in helping Meridians own corporate development. Seems very weak or suspect to me.
(b) The company reveals this "Meridian is aware that Cabaal is located within the buffer zone of Brazil’s frontier and that the Company will comply with all applicable Brazilian Laws. The buffer zone is a political protection zone and not an economic exclusion zone."
I understand that a buffer zone became a severe impediment to the earlier Manganese project, however, the company has placed that operation on care and maintenance so in all likelihood will be a write down for the history books and the buffer zone impacting it never challenged. I question what assurances the company has from government agencies that provide 100% confidence in the statement the company made on the issue. Political and economic interests are invariably linked at the hip and that does present a significant concern. As an example, RTZ had to monitor mine closure/rehabilitization for I believe 30 years. How much political interference could stem from trying to change that tide?
Cheers,
Freddie G Sanford and the G stands for gorilla !