It certainly is a vote of confidence by the Directors Kippax,...

It certainly is a vote of confidence by the Directors Kippax, that they took up their full entitlements.

I had no spare cash to put into the SPP as I was accumulating some TZL at the time, but it looks like it is still stuck around the 15c mark anyway, possibly drifting downwards. These are levels similar to the bottom reached by MEP during the the GFC (# one?).

The kaolin, I believe, is the sleeper with this one. World class deposit, no doubt, with perhaps the best quality kaolin on the planet. Surely a working kaolin mine would have a market cap of more than $15m?

Plus they have all the other prospects and loads of shares in other companies as well.

MEP is very good value at these prices.