bear in mind existing holders can buy $15 k worth per holding, ie i can buy myself some and my super fund can too. Given that is nearly 200,000 shares i dont need to buy on market right now and i have looked at the rsults too.they show potential at the very least. In addition they have a lot of projects, kaolin, ironore investments in mithril geotherm and others. If someone did a proper analysis it would show the value of the blue sky to be close to zero.
There is also downward pressure on the price because holders can sell for 16-17 c and buy back for 15c. so once the date passes sept 23? you will see the market become real again.
I'd say we could be back in the mid twenties without any announcement and possibly higher sooner if they release further good info.
I think management are ruthlessly clever operators, do not waste any money and have abuilt an impressve swathe of assets. Think of this stock as having many strings to its bow, a few years should see fruit on all the branches!( sorry mixed met!)
MEP Price at posting:
15.5¢ Sentiment: Hold Disclosure: Held
