It seems we're the only three in the world buying. I must say this policy of having/holding parcels of shares in other junior exploration companies is completely flawed thinking and very costly for shareholders as there is a charge to the P&L every six months and they are nearly unsaleable in current conditions and should be assigned a value of zero when doing a valuation of MEP. I also wonder how much,if any,income tax or CGT do MEP have to pay on the $9.5mil net proceeds in the BHP deal - it might be tax effective for them to settle this deal on 1st July rather than in June.
MEP Price at posting:
17.0¢ Sentiment: LT Buy Disclosure: Held
