Meridian Mining UK Societas T.MNO

Cormark report

[randys1]

https://cormark.bluematrix.com/links2/doc/pdf/914ee1d0-77fe-47c4-8ce9-ffb98fd4b804?id=c2lvYW5ub3VAY29ybWFyay5jb206NA==

[BlackAngus1979]

Great Report Randy!!! $1.85 Price target.....let see how they adjust once the R S comes out!!!!

[Grimey2]

Your Da,man Ran!!!

[randys1]

Lots of hinting or optimism about garnering attention of larger players.  Seems only a matter of time IMHO.   1.25 at the buzzer next week.  Lol

[palfryville]

They are not alone...

[FreddieSanford]

"Said mine plan, which includes a US$325 MM pre-production initial capital cost"

[FreddieSanford]

"Our model assumes Cabaal’s initial capital cost will be financed through a 65:35 debt:equity structure in 2023/24. As a result, it includes additional dilution of Meridian’s share capital (116MM additional shares priced at $1.25 per share; ~50% pro forma basic dilution"

[Grimey2]

Freddie I'm going to Michael Scott it from the office. Explain it to me like I'm a 5 year old. Is that a positive of negative statement?

[FreddieSanford]

Grimey ... if they can't get this to run today off of that report then you likely have your answer.

[randys1]

Yes, every day and every trade is life and death.  Cmon Freddie give it a rest. Let's see your 45 pages of research.

[FreddieSanford]

Randys1 ... didn't Clark say Capex would come in at about $70,000,000 because of the simplicity of the ore? Cormark sees it much differently with their Capex assesment. Clark has some heavy lifting to do to get some forward streams in place to mitigate those Cormark projections. I read the important parts ... what did you read?

[randys1]

you can't build a house for 70,000,000.  He certainly did not say that number for building a mine. I read 90% of it and it seems like a pretty solid report.  Did you like the discount rate this time, you were complaining it was too low last time.. bottom line is there target is close to 2.00 with a 35mm open pit.   This will be twice that size by the time this is done if

[randys1]

Or it maybe 20 cents because nobody seems to want to spend more than a cup of coffee buying it..

[FreddieSanford]

Randys1 ... the discount was them coming correct and todays closing price sucked chit. 

[randys1]

Agreed share price SUCKs. 

[randys1]

And Freddie based on trading leading into resource statement I am not feeling good about things at all.