MPJ (ASX) AGM Notes

Originally posted by PoetPlus ↑

Not much new that I can add as it has all been very well summarised by everyone posting so far I believe.
Very special thanks to DDuck for his accurate, speedy and comprehensive report on the AGM! Much appreciated. A great feel for what went on and the very upbeat atmosphere.

Market surged up and down a couple of times yesterday and someone apparently bought up very big in oppies according to one post. Such faith!

The mystery hole 0024 at RH_C8 was a no-show but then it was off the beaten track and a fun hole.

Since the 9th Nov, a total of 1343m has been drilled, say 80m/day all up, which means they have been very busy... even if silent on announcements and updates. Not in the pub at all! (5000 - 1738) = 3262m 65% still to go, plus any bonus from government cash expected.

They certainly want to stick with Talc Lake for now, follow up drill, and resolve something before wandering off to my favourite Roe 2. Fair enough.

Main comment that sticks is Neil's repeated "where there is smoke... and there is LOTS of smoke.." meaning good old disseminated etc NiS at 0.5% Ni... and yet more of it again. 25,26,27

The "rip-up" clasts (which is better than rip off!) look rather intriguing.

According to wikipedia, Clasts are "chunks and smaller grains of rock broken off other rocks by physical weathering" and the MPJ assertion is that they are "derived from an as yet undiscovered basal accumulation of massive nickel sulphides". Would love to discover that source, which importantly is there! .. so yes another very positive piece in the jigsaw puzzle.

Talc Lake is holding on to its treasure so far, but it is being unlocked I think. They have made previous finds by systematically putting all the pieces together, following the leads and using all the tech available. Terrific prospects and the best guys available so with all that nickel in disseminated, stringy, blebby-blobby and now clasty spots! surely it has to happen. The work goes on...

Next hole 0028 is probably the most fascinating of all of course as it is the accumulation of a lot of drilling and DHEM etc. They are determined to resolve what this Strong conductor is. . so perhaps a hole aiming at the bullseye of it now will sort it out. They should know in the next day or two. This one is quite interesting as it could be winner. Could.

Would have been nicer to have had lots of shareholders at the AGM to show the enormous support and interest there is from small enthusiatic guys like the HC crew.. but sadly not to be. Maybe next year.

So onwards with 0028 where they have taken definite aim at something ... but what is the Something?! .. all good stuff.

Trick is to hold not too many and never too little shares and oppies... where is that crystal ball?? cheers PP

　
　

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Thanks Poet, appreciate your comments as always

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AGM Notes, page-11

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