Meridian Mining UK Societas T.MNO

The tale of an insider dumping weeks before ...

[FreddieSanford]

... an uplist to the TSX.

A company awash in "in the money" cheap paper that doesn't magically go away because of an uplist. Wonder why anybody thought that would be the case.

And for f'ck sake ... a TSX listed company can most certainly do a financing at $0.50 or $0.10 if need be ... every institution on the planet wants their pound of flesh and just because you're listed on the TSX does not mean financings can only take place in the dollars.

All these expansions in proving up proximate mineralized trends mean cash burn and lots of it going forward. I'm thinking the next finance which will come sooner than later ... will be done below a dollar ... significantly below a dollar unless they hit something big. The players couldn't make hay with the TSX uplist  bootstrapped with todays press release ... well maybe they didn't have the conviction in the first place.

In the podcast today the guy asks what the analysts are asking during site visits ... well how about "why did Mark Thompson dump a chunky amount of shares a few weeks ago when he knew a TSX uplist was upcoming?"

Becoming increasingly clear that Cabacal isn't as great as it is being pitched to be. The market is making that case ... you know ... the market better known as "cheap ... in the money paper".

[randys1]

Freddie if you really believed your last post you wouldn't be waiting for 1.50. You'ld be long gone.  sunny days ahead. Not sure what f&;;&;$ year.   

[FreddieSanford]

Randys1 ... Filo trading over $21.00 right now. I believe good copper plays will fly and are flying throughout Cabacal development while MNO is plagued by cheap paper wash.

[randys1]

We are plagued by something to be sure. .  Severe lack of buyers.    Back to the 90's we go.  

[FreddieSanford]

Randys1 ... any buyer that steps up is met by cheap paper wash. Go back to those early interviews where the guys say "our clients are already up significantly ... why should they hold or buy more". Well ... they're not too sad because as they peel out shares they are making bank ... even the $0.70 cent paper with the no warrant are fine with the profits as evidenced by the paper

[Maybenow20]

Hey Freddie, Maybe you shold stop pissing on that cheap paper, it's the only reason you still have anything left out of MNO - the company would have been in bankruptcy without it... it's not perfect, but sure beats having nothing to sell.

[FreddieSanford]

Maybenow20 ... not pissing on the cheap paper holders ... just observing them piss out that cheap paper every time the stock catches a bid.  I'm very fine with it as I am  trading the chit out of it too. Don't always get the timing right but I know this deal so well that I'm making money just like Beacon et al. It's not the cheap paper that pushed the shares to above a

[domcolumba]

We are plagued by something for sure, a low grade gold and copper VMS deposit. Dom

[domcolumba]

I have a buy order in for 10K at .70 Wish me luck. Dom