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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

Comment by TFSAfundson Sep 28, 2023 2:54pm
93 Views
Post# 35660064

RE:TFSA

RE:TFSAlechmeir, irregardless (lol!) of your feelings about management, bear in mind that the average exploration company goes about its business and produces a RE and PEA when they see fit. Recall that with Meridian, there was a CONTRACTUAL OBLIGATION to publish them, the RE 22 months after the agreement signing on 09/11/20 and the PEA 31 months after that date! The RE came in at 22 months and the PEA early at only 28 months. Now, do you not think that maybe the RE was rushed? Was it awesome? What effect did it have on the S/P? Same with the PEA, although it did tweak the S/P a bit. I'm pretty sure the PEA is a "best case scenario" and that the final numbers won't be quite as "Rosie" (lol). The way I see it is that the resource update BETTER BE HUGE!!! If not the S/P is going to continue to flounder...

Contain myself? The market's fickle. lechmeir, management has done pretty much NOTHING to promote this stock. Clark's podcasts (done by a shareholder, by the way!) are to appease us, not to drum up investment! The last few NR's... have the numbers really been that impressive? There are dud's in some of the holes... mind you, to be somewhat expected if they are trying to delineate the resource footprint. But still, lechmeir, even you have to wonder why mngt isn't out there getting for us the "love we deserve"!

Also, I should add, at what cost is all this being done? We are burning through cash at an unbelievable rate, multiple financings and the dilution is hurting us! Clark says he is always cognizant of getting value for the shareholder's money, but is he really? As Trump has said, "If you say something often enough, people will believe it as the truth!". I'm not saying we are being duped like Sola, but are we getting 100% value for our investment? Remember, that only one month after extricating us from Sentient, the Cabacal agreement unfolded. It happened that fast? Clark pulled the wool over Sentient's eyes, don't ya think? A little shady, could he do it to us too in some way or another???
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