Meridian Mining UK Societas T.MNO

October presentation up!

[Grimey2]

https://meridianmining.co/wp-content/uploads/2022/10/MNO-Investor-Presentation-43-101-Resource-Technical.pdf

[TradesInc]

Meridian is Focussing on Mining and Processing the first INDICATED 3 Million Tonnes @ 2.45 G/T which is 240,000 Oz. Gold. Initial processing mill designed for 2.5 million Tonnes per year. IGWT.

[FreddieSanford]

When you have to put page after page of block model images in a presentation ... right after releasing a resource report ... it seems a pretty weak reaction to a poor market reception of the resource report.

[randys1]

Hard to argue.  I have requested blank sheets of the block model so I can do paint by number.  Zero buying interest to say the least. 

[FreddieSanford]

I feel Critical Investor has this right. Clark has to re-think skipping economic studies as the resource calls into question a number of things. Yelling squirrel (Santa Helena ... Alamo ...  IOCG in Espigao ... etc) doesn't change the reality of the market disregard for the resource report. Continued drilling and assays won't move the very needle that the resource report didn't

[randys1]

Sanford & Sons brokerage seems to be the only analyst house with a clue.. Lol Down on volume lovely..  I would call 400,000 volume for this stock right now.. Only 5,000 more sleeps tippy..

[FreddieSanford]

Randys1 ... (a) the market reaction the day the resource report was released (b) CRUX dudes continued skepticism on the path forward (c) Critical Investor dudes shift to neutrl/negative vs the bull view that he had when conductor blue sky was in play ... (d) the block model dump in the latest presentation ... those  are all things that create clues. The family offices aren't done  

[randys1]

Yes and fill was 26 not so long ago. The sector sucks. 

[randys1]

On the flip side.  Three analyst houses most which we're actually in Brazil all have strong buys out for a significantly higher price.  They all see a path forward one could argue strongly  critical investor is no rocket scientist imho 

[FreddieSanford]

Randys1 ... $26 to $17 per share. The deposit drove the share price to $26 and with the pull back every issuer has suffered the deposit holds $17. Cabacal held $1.20sh for awhile and pulled back too and now with the resource report out it can't hold $0.50 I hear your argument on pullback but you might be glossing over the value the deposit is dictating in relation to the pullback talking

[randys1]

I'll trade you some MNO for Filo shares and future considerations. lol Perception is reality and right now the market perceives Cabascal in a dim light, can't arugue that.

[FreddieSanford]

Randys1 ... my only point in bringing up Filo and their deposit is because it clearly shows how Clark's talking point on cabacal being the peer that others compare too is just a tslking point with no basis in value metrics from a public market perspective. Filo's deposit won't be cheap to bring into production but look at those drill intercepts ... over 1,000 mtrs of 1.1% CuEq

[JoeCurragh]

I think to be fair to Gilbert, he said that about there being no direct comparisons for MNO because I don't know of any other junior mining companies that have an intact VMS belt of 50km + with open pit potential. I think that's only point he was really making. There may be other VMS exlpo compaines out there but I don't know of any that have intact belt and can be mined at surface

[TradesInc]

So why are we at $.45 Share Joe Curragh? MNO just reported a $5 Billion CDN Gold Resource in it's recently released 43-101 at Cabasal. It is shallow with Low Capex. that can be paid back quickly. Management is Failing at bringing Proper Valuation to the Market! Hopefully this changes soon!!

[killr]

Where is the "S" word  Gilbo?.....all kinds of institutions have had a good look with boots on the ground and thru reports ....So why are they not taking a position?......WHERE'S THE SUPPORT??????

[palfryville]

Welcome to the BB Joe! although to be fair I am sure it does not feel very welcoming and certainly Freddie is not and never has been looking to be fair to Gilbert... nonetheless it's good to have someone with some perspective sign on...

[FreddieSanford]

What's all this nonsense about being fair to Clark? The share price sucks. The resource report did not inspire buying. 30 cent warrants expire in December so there is a headwind there until those are exhausted unless the company decides to extend expiry. Clark isn't telling fairy tales and Clark isn't a unicorn so the share price is a direct reflection of what Clark and the team have

[JoeCurragh]

Thanks palfryville, although meeting Freddie doesn't particularly make me feel like staying ! He seems a pretty angry man for some reason. Life's too short for arguing with a complete stranger over the internet. Think I'll give bb's a miss from now on. 

[randys1]

There is not very many happy people on this board right now unfortunately.  Some worse than others.  Seems like support is not easy to find   not a good optic to be sure and begs the questions you pose Killr.  drill results should give more sell into the news action maybe that why the long delAy in results My optimism seems to be waning quickly. happy thanksgiving all

[pokinfun]

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