MII 0.00% 13.5¢ meridian minerals limited

mii trading halt , page-12

  1. 3,351 Posts.
    - Gold deposit acquisition from a Russian entity without the alluvial portion.

    - NON BINDING agreement

    Not too sure if this is a good thing for the treasury...bit i must admit that having a gold project in its stables is definitely positive for most juniors as it serves as a hedge. The capital injection needed for further exploration and delineation and the project start, however, is going to be a burn to its outflows. Management obviously thinks it can achieve this in light of its bottom line.

    Key question in my mind is, if this is a significant change in focus from their flagship zinc project or if it is just another satellite project in its coffers?

    Will be interesting to watch the next weeks trading.

 
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Currently unlisted public company.

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