Australia's largest stock trading and investment forum Australia's #1 stock forum

MEP

Click for more information

0.00%

13.0¢ minotaur exploration ltd

sometimes this game is all about gut instinct As an "investor"...

First 39 Last

Share
Profile

Follow
MandB

1,952 Posts.

79

26/11/16

03:09

Post #: 20904185
Share

Originally posted by Seth Davis ↑

And back to 5-6c the SP goes...

I doubted the extra holes would provide much more than what was already discovered. Is the project a dud? Absolutely not, the size and prospect of Electra and down hole EM targets at Iris are well worth chasing (Sandfires first couple of hits at DeGrussa weren't that flash either, then we all know what happened next).

Unfortunately for MEP they can't keep the rig momentum going because of the wet season, the market's is losing interest and moving on. For those lucky enough to have bought the last low and seen this coming, have offloaded above 10c for a near 100% profit. This is how high risk big banger type exploration plays work - nothing new for those that have been around the traps long enough.

What's the plan now? wait for lower prices and reload for the marching in March when the rig returns to the hunt. Still doesn't mean there's a deposit at Iris/Electra, but I'll bet anyone that the punters, volume and SP will return with the drill bit - the night and day of junior resources.

Sleep well MEP and I'll be seeing you next year.

Expand

sometimes this game is all about gut instinct

As an "investor" its the most valuable tool you have

MEP Price at posting: 7.7¢ Sentiment: Hold Disclosure: Held
Upvote

0 Great analysis

Reply

Top Stories

PYC

Scientific conference spotlights PYC's work on blindness disease treatment

MIN

MinRes's Ellison knows he screwed up – for that reason, hunt for new Chair to be sped up

GRL

To make modern missiles, you need 3D Printing. And in that gold rush, Amaero is selling shovels

HotCopper Highlights: Your most watched stocks for Week 47, 2024

WC8

Pan Asia rebranding to 'clear confusion' after bagging $35M for Chile projects

BTH

Bigtincan's Board backs Investcorp offer: Why a NASDAQ listing could be game-changing

LPE

Sales growth pushes Lovisa's fortunes (and shares) upwards

SIG

Dale Gillham's weekly wrap: Sigma-Chemist Warehouse merger creates pharma powerhouse

DUI

Panic, paranoia, and gangland politics: HotCopper users react to Dubber's missing $26M

Week 47 Wrap: HotCopper users' most watched; Brent lifts on Putin's scary letter; RFK dents CSL

There are more pages in this discussion • 8 more messages in this thread...

First 39 Last

Add MEP (ASX) to my watchlist