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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 TFSAfundson Apr 29, 2023 11:30pm
207 Views
Post# 35421331

Overallotment...

Overallotment...Freddie, you're not saying that the added 16M shares was an "overallotment" are you? To me, that was just a doubling down on a sure bet for easy money. Does/can  an "overallotment" not also have to take place after the closing of the "PP". And since the PP was for 36.8M shares, could we not see another 5.52M shares PP'd as the "overallotment" at $0.50 in the 30 days following closing of this rather generous valuation of our shares? And when you consider that news (maybe held back type news?) can be disseminated the day after closing, WTF, talk about suspicious dealings??? Let's see what transpires...

Freddie, are you also saying that you've revised your exit point to $0.80 from the previously hoped for $1.50? So you now might only have to wait 2 years to get out rather that 4 to 5 years... lol.

I also thought that Clark was constantly telling us how frugal he was when it came to spending shareholder money. How many times has he said that he ALWAYS has the shareholder's "best interest" at heart whenever he makes financial decisions? How do 50 cents shares correlate with that stated sentiment? And this is for just ongoing costs to develop/define the resource. Are we going to end up getting 25 cents a share for the capital costs of mine development when we need 100+ millions...
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