Ann: Drilling progress, Cloncurry & Prominent Hill,OZL-MEP.AX, page-40

Imo, I am not the right person to answer your question but we are same companion in the market. It seems your question is how to make money (and make more money). In reality, majority of retail investors/traders are losing money in the market. And if someone has made a lot of money, in many such cases are likely fortunate or very lucky. But there are likley about 5% of investor/traders are making money continuously.
　
As you are seemingly interested in something start-up like mining companies, I can possibly share my experience, imo.
Factor to consider first; Are management experienced and credible? To check past history and general reputation.
Never ever buy dodge management companies stock.
Most importantly, about SP, no one knows what will happen in any future!
　
About MEP,
1. Apparently it has very good management (especially in the perspective of expertise/experience and proven past success history). While, many tiny mining companies managements are sub-grade dodge personals, imo.
Even there is no guarantee for any past success history to be leading any future success, but in mnay cases 'histroy can be more likely repeated', imo. The following is Company executive's career.

Dr Antonio Belperio
Executive Director – Business Development
BSc (Hons), PhD FAusIMM
Tony Belperio has over 35 years of experience in a wide variety of geological disciplines in university, government and mineral exploration entities. He received AMEC's Prospector of the Year Award (jointly) in 2003 for the Prominent Hill copper-gold discovery and was awarded the Bruce Webb Medal by the South Australian Division of the Geological Society of Australia in 2010 for his contributions to Earth Sciences. He is a director of ASX listed Thomson Resources Ltd (ASX: TMZ).

2. Issued total shares of about 215m (not sure about options) is very health and acceptable as far as I know. In general, don't consider over 1b issued shares companies and more than 500m seems not healthy but fatty indeed.
3. Cash balance seems ok. As end of 30 June, company has $4,472,000 and since it has spent some funds for exploration and administration. About$600,000 will be certainly proceeds soon to the Company for sale of Chameleon gold asset
4. According to company web, it seems having promising prospects in both Cloncurry and Prominent Hill and WA as well. PLease refer to company website.
5. The following is welcoming message at the website to those who are interested in. So anyone can find its identity and strategy.

Welcome To Minotaur Exploration
Minotaur Exploration Limited ('Minotaur') is a public company listed on the Australian Securities Exchange (ASX) under the market code MEP. MEP commenced trading on ASX on 25 February 2005.
Minotaur is an Australian registered entity with Australian Company Number (ACN) 108 483 601 and Australian Business Number (ABN) 35 108 483 601. Minotaur has extensive minerals exploration tenements in South Australia, Queensland and Western Australia.

The Company is governed by a Board of Directors according to Australian Corporate law and the Listing Rules of the ASX. Minotaur specialises in application of innovative geophysical techniques to locate virgin mineralisation deep below the surface. Often, economic mineral deposits are contained within basement rocks, buried below several hundred metres of transported cover (overburden) and cannot be located through conventional surface exploration methods such as soil sampling, geochemical assays and drilling. Minotaur’s remote sensing and interpretative approach has proven very successful, time and time again.
　
　
Then, as most imminent prospect, all market participants are closely watching further development of Iris South and North follow-up planned 4 drillings. With no background, still company do not seemingly know both Irises have ore grade mineralization or not and Iris North is connected to Electra. These are either to be isolated or connected with Electra.
Not sure why not directly drillings first at Electra's detected outstanding conductors.
Personally, highly it seems promising situation, imo.
　
Finally, any of your action in the market such as buying or selling of any companies are purely your free call and entirely your responsibility. Any consequences are basically from your choices and no one to be blamed.



If you decided to buy any company stocks, in general buy it at least 3 divided times. For instance, if you want to buy MEP 100,000 shares;

1. Buy about 40,000 parcel at first at most reasonable (=cheap) price and then check its SP movement.
It may go up or go down.
2. If you still convincing yourself to buy, then buy 2nd parcel of about 30,000. Then again, check its SP movemeent, market situation and any drilling progress or outcomes.
3. Still everything is in your anticipation and right direction, you can buy 3rd parcel of 30,000 and to see how it goes on.
4. In such case of if company finds substantial decisive ores at either Iris South or North or Electra's 2 targets, above approach can be switched into one-go or further excessive buying with other spare money as well.
　


Regards,