I just bought in on this little puppy at start of the week,...

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cjbjb2702

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10/08/18

15:08

Post #: 34861695
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Originally posted by JoeBlow ↑

This is great news .... more targets to drill will be identified.

Hey you pessimists, this stock was up around 8.5cents just prior to Tunks coming along .... the drills aint spinning don't buy is his message. So there's been a long time of little action with stuff like assays and the share price dwindled (remember the cap raise at 6.2cents not that long ago).... so I bought in, in that cap raise and held.

Now the real exploration work is coming off the stagnant past 6 months .... gonna be bucket loads of positive results here, and as Tunks mentioned other companies in not as good boats have $200million market caps .... there's huge upside here.

Also, this man is an ex goldie and knows how to do stuff. He knows how to target narrow deep gold veins and get the gold .... so that mentality here is gonna be great. If the ore is as high as some of the previous results DSO could be an option for cashflow too or perhaps even a tolling arrangement.

My bet is if this expresses to a JORC or close to one then a buy out from a giant will happen. The next few years will see the giants snapping up explorers because they're the experts in processing and managing and the explorers love finding stuff. The headache for the explorer is building the mine due to huge costs. I can be wrong but in todays paper that's the word .... MA's (Mergers and acquisitions). The mining window for maximum profit is all about timing and when a commodity is hot you need to go hard ..... so waiting 5 years for an explorer to find then build a mine could mean they miss the boat ..... but for a miner with the capacity to process to scoop them up is fair play. Look for a good resource in ppm and logistics and buy them out. MEI is well positioned as a premium cobolt explorer.

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I just bought in on this little puppy at start of the week, why?, because the risk / reward profile is too good to ignore!

MEI Price at posting: 3.3¢ Sentiment: Buy Disclosure: Held
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(20min delay)
Last 9.2¢		Change -0.003(3.16%)		Mkt cap ! $222.2M

Open	High	Low	Value	Volume
9.7¢	9.7¢	9.1¢	$312.4K	3.347M

Buyers (Bids)

No.	Vol.	Price($)
2	18152	9.2¢

Sellers (Offers)

Price($)	Vol.	No.
9.3¢	23280	2

View Market Depth

No.	Vol.	Price($)
5	1773521	0.011
11	2924000	0.010
6	4510000	0.009
7	2258300	0.008
1	142857	0.007

Price($)	Vol.	No.
0.012	620532	3
0.013	1998837	5
0.014	926384	7
0.015	670000	2
0.016	1179000	5

Last trade - 16.10pm 27/11/2024 (20 minute delay)

MEI (ASX) Chart

I just bought in on this little puppy at start of the week,...

Top Stories

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

History-making uranium sample grades and an imminent drill run. Infini Resources is poised to transform in 2025

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

ASX Market Close: ASX closes above 8,400pts on green Wednesday | Nov 27, 2024

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