Meridian Mining UK Societas T.MNO

Milestone dates...

[TFSAfunds]

My interpretation is the $1.75M was to be due March 2022. (Initial agreement signed Nov. 09, 2020 plus 16 months) If it were Dec. 2021, we'd be in a default position now with associated repercussions, would we not? Yet the NR states "The Vendors have agreed to the Company's initiative to free up the bulk of the capital reserves allocated for the 3rd Vendor payment notionally anticipated for allocation during the 4th Quarter 2022 until August 2023." Dates are somewhat confusing if you ask me... If the payment has been kicked a year and a half down the road, how does this benefit the rights holders to the vendor shares of the CPA? There is no penalty or interest component mentioned... so why are they being so nice... almost "Sentient" like??? 

Does this also mean that we can kiss goodbye the current timeline for the resource estimate? Are we looking at no, poor or delayed drill results, no NI43-101 for at least another year, inevitable financing at these (or lower) rates? Not lookin' good!!! I'd really like to see an explanation as to why this was necessary... were we not led to believe that money was not a problem after last October's raise? What's happening here?

[palfryville]

The third instalment was 16 months from the MOU.  It was to be 12 months from second instalment featuring completion of DD and signing the agreement which was November 9 2020 see NR of same date: Mineral rights will now be transferred to the company, after which Meridian will issue an initial payment of US$275,000 (roughly C$377,809) to the vendors As per:  "Verification and

[palfryville]

I agree some clarification would be good.  It seems like the date of 4th quarter 2022 may have been a typo and should have been 2021?  Fourth quarter 2022 would not be aligned with the original terms but 4th 2021 would.  The second instalment was scheduled for 4 months from the MOU signing which is where the 12 vs 16 months cones from.

[TFSAfunds]

palfryville, from the 2021 Q1 MD&A... "On February 9, 2021 the Company changed the terms of the second payment and assigned the Purchase Agreement related to Cabaal project to its subsidiary Cabaal Minerao Ltda. The payment is now required to be made 30 days after mineral right assignments to Cabaal Minerao Ltda. are published in the Official Gazette in Brazil." Ok... turns out

[palfryville]

A bit :), thanks for the clarification on the 4th quarter.  They seem to have been pretty good about amandments to date.

[TradesInc]

Nice Close! What would we do without Beacon...lol. Were still a long way from their $2.35 Target Price. I think we are ready for Liftoff. Have a Great Weekend!!