Ann: Significant Gold Intercepts from Maiden Drilling Program, page-19

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MrTrueno

27 Posts.

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20/05/21

17:32

Post #: 53312147
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Originally posted by ColdPlayerAsx: ↑

Well it looks like I misread that reaction to today's release and there are still many waiting to sell out on a loss from the IPO (I can only imagine and presume)!

Perhaps the results did not justify a huge increase but to be in the red is quite baffling. Many using the liquidity event to get out?

For full disclosure I will review my full holdings here and adjust up or down awaiting market reaction on next set of results.

In my opinion the Company is in dire need of new promoting methods and perhaps it would help if the exporation manager Bowden took on a few presentations rather than Michael Gumbley - just my opinion - they may also need a new broker in my opinion especially when you have Pattersons the lead broker in the IPO selling on loss as per Broker buy and sell data over the last few months - not a good look in my opinion.

Very baffling and looks like the register needs a huge clean-up

I am still comfortable this is a very good start and in due time they will find something very good in terms of a resource with good grades and thickness.

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It was an oversubscribed IPO, so I think the brokers did their job. The performance of the stock rests with management imo. As for them selling at a loss, I'm sure they would rather sell at profit like anybody else but when in the last 6 months has there been an opportunity?

A tough day for holders, but one positive is that we finally got the drilling results that they have been promising for 5 months. Let's just hope they keep the drilling results coming in a timely manner and see what happens.

Good luck all!

MEG Price at posting: 14.0¢ Sentiment: Buy Disclosure: Held
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