Yeh, agreed, and it does look like maybe the bottom (5c) is now established. Following the trades yesterday I get the sense that selling was drying up at these depressed levels. Given its a pip-trader stock the fact that there were periods where a gap developed between buy/sell and persisted for a while led me to this conclusion. Not yet seeing conviction buying coming back, instead I get the feeling its bottom-feeders scavenging up the cheapies at the moment and accumulating. Either way thats a positive. The change in top management has helped sentiment a bit I believe. Its a wait and see in this respect, but I hope for a more disciplined approach in regards the exploration effort ( for example, I hope no more fiascos like the Mulligan rock sampling procedure which on balance bore no real relationship to the better targetted historical bulk sampling (10% cobalt) and for that matter also the historical sampling undertaken by the Canadian Dept of Mines, again super-high cobalt assays).
And better constructed communications I hope going forward ( what could have been more dumbfounding than the announcement introducing the new MD Tunks as being well credentialed in doing CR's.... Jesus Christ almighty !!!!.... I am still seething mad about that insertion in the announcement, served no purpose, and resulted in an immediate unwarranted negative impact on the share price given the recent successful CR ). I hope Tunks is given full responsibility for penning all future announcements
Midrim results should be coming soon. I remind everyone that Midrim is NOT a cobalt play, its a copper-nickel deposit. Only Iron Mask and Mulligan are the cobalt plays
MEI Price at posting:
5.4¢ Sentiment: Hold Disclosure: Held
