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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 Maybenow20on Dec 12, 2024 12:16pm
62 Views
Post# 36359142

RE:90 million shares traded in the last 7 months

RE:90 million shares traded in the last 7 monthsSentient sold their position in MNO many years ago as they're in a windown mode. Investors are simply selling because they're tired of all the empty promises and the team not delivering on great assets. Raised about 40M$, spent about 30M$ and for what ? We're about the same share price than we were 4 years ago with 200M more shares out, while some are paid way higher than most in the industry + options at reduced prices, and all of this while we're at record prices in Cu and Au. Anyone with experience will tell you this is poor execution. If you're looking for great execution, just look at GMIN, now with a MC of 2.4B$ within the same time frame. Don't get me wrong, this is a company that has a great portfolio of assets - better than most companies out there, but they're just not delivering value to its shareholders, and that's why investors sell and will continue to sell. They need to turn this around or they'll be forced to do project financing at these prices (dilution) or sell off the assets on the cheap.
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