Mulligan and Iron Mask field work, page-24

There has been a lot of speculation around MEI doing a cap raising soon... My personal opinion is we wont see a cap raising soon for the following reasons.
1) Cold snap should hit Canada soon which would mean drilling season wont restart until March/April. They haven't started yet so would presume they would book a drill team for an extended period at the start of next season instead of trying to sneak in a few holes before ground gets to in-accessible.
2) They mentioned in their last announcements they are in the field doing mapping work.. We can expect announcements and outcomes of that plus historical work in the coming months I would say. I would expect rock sampling results as well. Plus I am sure they are looking at the drill targets for next year.
3) BMR are drilling Iron Mask right now.. If BMR were to list Q1 2018 as planned it means a prospectus with those drill results will come out in Jan/Feb 2018.. If they are what we all hope, this would completely re-rate and re-risk MEI's Iron Mask tenement.
4) With no drill works going on in MEI and Directors salaries reasonable, cash burn should not be excessive.
5) I have heard nothing but rumors.. I presume a raising would come through CPS. And I have heard nothing..

So I am still accumulating because I think there is a going to be a heap more information in the market around MEI tenements well before we see any chance of a raising and I expect when it comes, with the information in the market, it will be very strongly subscribed for.

Do your own research! This is my opinion only! Not investment advice.