RE:Goldman Sachs...TFSAfunds, "Over Q3 and Q4 2020, manganese ore prices have softened to around or below US$4/dmtu (CIF China)" and Meridian costs were supposed to have been brought well under $100/t at one point.
Even when prices were coming in at the US$8/dmtu (CIF China) level, Meridian management reported they could only achieve marginal profitability. One would hurt their brain trying to figure that one out.
Meridian doesn't seem to be approaching this Cabacal project with an intention to mine a deposit themselves. Copper and Gold are hot so they hope to catch a lift while it lasts.
Meridian did not close the current raise this past week. The longer it takes for McArthur to lock down funds the tougher it gets to gain confidence that they can time it right to get drill results back while a lift is to be had on good numbers.
I've seen in some of your comments that you have a pretty dim view of a past CEO of this company and current investor, Bill Pfaffenberger and I won't touch on your opinion of him because it does nothing for discussion on the chances of the Cabacal project allowing MNO stock to catch a lift while Copper and Gold remain hot.
I will however, bring him up in an example of how a company can catch a lift on a historic resource being updated to 43-101 standards while a commodity is hot. In the case example, the commodity was Molybdenum and the deposit (Red Bird) also hosted copper and the rare rhenium.
Bill Pfaffenberger was the CEO/President of Torch River back then when that company took on Red Bird and validated historic drill work along with new drilling. Now you might be critical of the fact that Fundamental Resource Corp was involved in this too, Fundamental being a private company Bill pfaffenberger was also associated to but again, not relevant to my point about catching a lift.
Go back and take a look at what Torch River stock did during the time they initiated work on the Red Bird deposit historic resource. Drills turned and the stock took off. An amazing lift and many investors made some excellent profits. Torch River was never able to take Red Bird next level. I think they lost control of it over time due to onerous option obligations, but who cares, profits were booked on an amazing run by investors who were in at that time.
Those who held too long were met with the chart that is forever etched in history, no different than so many others, this company being one of those many. Nasty chart.
There is a real chance that this stock can take off on good results coming back on Cabacal. McArthur has to have the promotion/market awareness machinery in place and he must get the financing closed NOW.
If nothing else TFSAfunds, one can look at Bill Pfaffenbergers Torch River (Red Bird project) example and see that the historic resource validation play is a good one if management can time it right. The time is NOW.
Now off topic, did you see VERY hit $9.00 Friday? $800,000,000 market cap on a company that had Q3 revenue of about $1,400,000. The time was NOW.