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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

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Post by lechmeir on Oct 05, 2023 7:07am

TFSA

"Are you saying that management here has "duped" you?"

 

You're missing the important differences.  I accused mangement of looting Sola.  In the end they were showing I think $700k in travel one year, and a diamond pipe that supposedly had produced thousands of carats turned out to be barren.  Later the lab we constructed was turned over to one of their pals for services renedered or something.  So... was I wrong?

 

In this case, Grimey sees management spinning off non-core assets and imagines that they're the actual prize and management is stealing them from us.  I don't see it that way, but I'll leave him to his proof on it.  I like the tin project, but if we only have the horses to pull off the tin or the VMS which would you prefer.  If Orosur makes something of Ariquemes we get 25%.  What else is there?  The manganese turned out to be far less profitable than Sentient wanted, and they ended up losing their asses on the deal.  How long a game do you think they're playing here? 10 years in they get a prospective property that will take them 10 more years to develop??

 

If anything stinks here, apparently I'll be the last to know it.  I'm as frustrated about the price as the next guy, but I don't see this being like Sola.  Sola had everything but a guy going out a helicoptor door.  This is going to be a mine.

Comment by TFSAfunds on Oct 05, 2023 3:16pm
Important differences? You accuse mngt of looting Sola... $700k travel, was it to vacation resorts, was it for family and friends? A barren diamond pipe? Is that not a risk of junior explorers? Assets as payment for services? Did Cancana not buy some claims from Dr. Plaff? Did he also not receive interest for loans to the Company?  Tell me, were any of the Directors or mngt of Sola charged ...more  
Comment by lechmeir on Oct 05, 2023 6:53pm
OK... ---------------- "Important differences? You accuse mngt of looting Sola... $700k travel, was it to vacation resorts, was it for family and friends?" Do you consider $700k in travel to be reasonable?  It's nearly $2000 per day... every day.  Seriously? Apparently we differ on that one. ---------------- "A barren diamond pipe? Is that not a ...more  
Comment by TFSAfunds on Oct 05, 2023 11:41pm
lechmeir... Travel:  How many people traveled? How often? How far? Have you ever chartered an airplane? I have, for fly in fishing, and it ain't cheap! Did they have offices or camps in Brazil? Was it a regular shuttle from Canada? Travel can be expensive. I'm pretty sure they weren't doing it just to collect more air miles on their accounts! Barren pipes: This is all before my ...more  
Comment by lechmeir on Oct 06, 2023 6:21am
All good. 
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