Meridian Mining UK Societas T.MNO

Warrants

[pfaffgau]

There are 22M warrants at average price of $.17 overhanging progress.   We hit $1.35 in 2021.  We have much more in assets now.  This market has been a large DOG for over a year, but we have had relatively low volumes.   My near term target is $.80, just reading the chart.  If we get a partner with deep pockets, this stock will be $3.00.  Patience is a virtue.  The only plus with the warrants, is they will bring in $3.74 M cash.

[TradesInc]

Hey Pfaff. I know you're an expert and former CEO. But I don't think we have 22 million Warrants outstanding at $.17 that will bring in $3.7 Million. Do we? I think we are all clear. My Chart says $1.40 near term. Do we get those new Assays soon. Maybe tomorrow. Fingers crossed. 

[FreddieSanford]

Correct brah ... no warrant overhang excuse afforded this time. Now it's just low base cost common shares being swapped out wholesale because those shares are tired of being dry stacked for so long. 80 cents is the correct target though if the next 12 months is the time frame.  No partenr is coming in based  off of the PEA. A partner may come in once a feasibility study is

[randys1]

,5million compensation warrants @ cad .35 18.1 million stock options with varying strike price.  This would all be insider held and would see activity from them on sedar related to this I would think. 

[FreddieSanford]

Randys1 ... back in December an insider let well in the money warrants expire. Guess who. Warrants are not an issue right now. Cheap cost based common shares are the issue and a poor reception to the PEA and a great drill intercept was kind of a self fulfilling thingy brought on by that paper. Cheap paper was looking for a liquidity event but that cheap paper pretty much washed out any sustained

[randys1]

TSX Venture Composite Index 11.81% YTD TSX Mining Index 3.58% YTD MNO 63.64% YTD In the broader scope things are not being that poorly received it would appear.  And all these companies are starting from a low deflated base, not just MNO..  It is a fight for capital right now.. The good news is their is huge room to grow based on PEA numbers. Their will be great drill results coming