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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 May 06, 2023 1:51pm
233 Views
Post# 35434703

Insider buying...

Insider buying...Why is it that out of 36.8M shares, insiders (i.e. Clark) bought 50,000 shares? Lack of confidence? You would think that 50 cents would be a steal for any and all insiders...

Are the other 36.75M shares in strong hands or do we see them being chummed out at 10 - 20% profit for a quick turnover? How long will this overhead keep us at around this level? At a 1/4M shares per day, that's a pretty long time...
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