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Bullboard - Stock Discussion Forum Meridian Mining UK Societas T.MNO

Alternate Symbol(s):  MRRDF

Meridian Mining UK Societas is focused on development and exploration of the advanced stage Cabacal VMS gold-copper project, regional scale exploration of the Cabacal VMS belt and exploration in the Jauru & Araputanga Greenstone belts (the above all located in the state of Mato Grosso, Brazil). The Cabacal Project has licenses covering approximately 50 kilometers (km) of the 55 km VMS belt. The... see more

TSX:MNO - Post Discussion

Meridian Mining UK Societas > Strong Hands???
View:
Post by TFSAfunds on Sep 14, 2023 3:08pm

Strong Hands???

Clark and some on this board have said in the past that our outstanding shares have moved into "strong hands". Recall that there were almost 50 million shares issued at $0.075 with an equal number of warrants at $0.11 back in July 2020. (all exercised!) Then in December 2020, over 20 million shares issued at $0.20 with over 10 million warrants at $0.30. October 2021 saw just under 15 million shares at $0.70 with no warrants. (Bet you all those folks regret that one. Right Grimey... lol) And finally, December 2022, almost 17 million shares at $0.35. With one exception those are "penny stock" figures! How much institutional money is actually invested in this Company? As long as we sit at these levels, we won't have "strong hands" holding shares aside from all the longs, most of whom are probably well underwater again! We all know we're sitting on a monster of a resource here, yet WTF is management doing to promote? We need massive amounts of capital to get the mine up and running. Do we really want to look for that while we're sitting at under $0.50 ??? Even if we wanted to partner, what's our bargaining position look like at these levels? We went through this with Sentient and sitting down still hurts! Management has let us down badly!!! Clark said we've turned the corner (so to speak) and management is set up for this Company to move forward now.
PROVE IT!!! JUST DO IT! Let's start seeing some movement in the S/P in the right direction for once! MSBT
Comment by randys1 on Sep 14, 2023 3:49pm
100%.. Money talks and Bull@#$# walks..   Let's go.. 
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