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01/02/19

20:39

Post #: 37305290
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Originally posted by rjohnson1234: ↑

10,000 dollars worth sold, I would not worry about a leaky ship based on that.

reality is, mei is now:

-at complete shell value at a $5.1m market cap
-with $2 million cash
-results pending from a brief drilling campaign with some historical grades,
- market does not expect any good results from the drill campaign so there isn't much downside risk even if the drill is bad as most now expect
- good management team, with room to get rid of some of them that will no longer be needed if the focus shifts from cobalt in Canada to somewhere else
- asx anns talking about an acquisition in gold or base metals
-number 1 shareholder tolga kumova whose connections are deep......is he involved in the project acquisition?
- of course if the drill results are positive then that will explode the share price but im not expecting that based on nothing more than "a guess"

Im not cross promoting but I am in GLN and that was a shell known as DMI and then the project in argentina was vended in and now GLN is around a 35m market cap and is one of the highest gainers in the last 12 months.

At these levels with cash, there is a good opportunity for the company to make a good acquisition or someone else with a project to vend in something special and change the board and the name and then off we go!

all imo

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@rjohnson1234 thanks, i missed all the fun, if it's still 9 on monday I will have some of them

MEI Price at posting: 0.9¢ Sentiment: Buy Disclosure: Held
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(20min delay)
Last 9.5¢		Change -0.003(3.06%)		Mkt cap ! $222.2M

Open	High	Low	Value	Volume
9.6¢	10.0¢	9.3¢	$299.0K	3.116M

Buyers (Bids)

No.	Vol.	Price($)
2	28032	9.4¢

Sellers (Offers)

Price($)	Vol.	No.
9.6¢	1400	1

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 26/11/2024 (20 minute delay)

MEI (ASX) Chart

General chit chat, page-349

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