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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

Post by FreddieSanfordon Feb 25, 2021 10:48am
99 Views
Post# 32657541

Let's assess Sentient's crossed out paper.

Let's assess Sentient's crossed out paper.Sentient wasn't going to buy more paper so no positive impact in the market and they were likely to sell into the open market on any strength ............ so a huge headwind.

Sentient was taken out ....... that headwind gone.

Ok ......... so the paper is put into other hands in a crossing episode ........ GREAT.

Now what?

Do those now cheaply papered up buyers continue to buy in the open market or do they wait for Clark to do something that will make other participants come into the open market and drive the price up?

The answer is likely ......... lots of cheaply papered up people/entities out there waiting on Clark to do something ........ so the crossing of Sentient paper ........ while good to prevent a sell in market (headwind) ........ DOES NOTHING IN ITSELF to drive further share appreciation.
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