I cannot find the MED 2015 Annual Report. Was it ever published? Can somebody help me?
But the 2014 AR states the indicated resource is 2.3 million carats, the inferred resource is 2.0 million carats.
That should be worth over $1 billion. Therefor I have hung on to MED for more that 13 years. But I have not seen much progress with mining, I have not seen much positive news, I have seen share consolidation, I have seen share concentration in a few hands (you guess who's...), I have seen that of the (2014) 5675 shareholders 4928 had a less than marketable parcel of shares. Do you think that these 4928 shareholders started out with unmarketable parcels? Definitely not, but they came in that position because the MED share price has dropped and stayed low under the management that MED has had since there was a (failed) takeover bid in May 2009.
I am happy that there are now shareholders who request a general meeting to remove the present management. I hope they are in time and have the numbers to install new management, because old management is once again busy trying to concentrate shares in a few hands, and they are not the hands of old hands in MED. (See MED announcement re September General Meeting & info)
I look forward to a young and energetic management that will deliver the value that many shareholders recognised when they first clapped eyes on the project that is now MED.
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