sulphides intercepted at second target, page-50

Hi Pethard,
You are Right. The purchase plan is so badly timed for existing share holders. They do not have sufficient information to make a decision without results.

And the Market tells us so. MEU is now 0.5c under the SPP. So management now know that there is likely to be a 90+% shortfall. But they may be a bit smug because they'll get the cash from the underwriters: GMP Securities from Canada. Try and find them in a top 20 shareholders list. You wont. Thats not their business.

So can MEU tell us what their underwriters are going to do with 20?m shares.?

I really like the geology and its progression. Just hate to see it stuffed by a bad corporate play.