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1.10%

9.0¢ meteoric resources nl

Ann: Notice of General Meeting/Proxy Form, page-3

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bluebird

1,105 Posts.

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31/07/17

11:07

Post #: 26179098
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Originally posted by bluebird ↑

Resolution 3 - Approval to issue Tranche 2 Placement Shares at $0.011 per share.

IMHO, this is unfair and not in the best interests of shareholders.

The directors of MEI have done an excellent job in sourcing Cobalt Canada and the Canadian Projects. I have no problem with Resolution 1- ratification of tranche 1 placement, to get the project moving.

Resolution 2- the acquisition if fair, and uses 10day VWAP for the estimation of part of the payment to the vendors.

Resolution 3- the issuing of shares in a future placement- at $0.011. Why should professional or sophisticated investors be given a better deal than the vendors? As the share price has been consistently above 3 cents for more than 7 weeks now, surely a better deal can be worked out, which would give the company more money and minimize the dilution of shares held by ordinary folks.

Resolutions 4-12: I have no problems with these and I think that the directors, advisors
and future employees should be satisfactorily remunerated.

I believe that Resolution 3 should be replaced with a better deal.
What do other people think?

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Not surprised at the dumping this am. Suits some investors.

MEI Price at posting: 2.9¢ Sentiment: Hold Disclosure: Held
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(20min delay)
Last 9.0¢		Change -0.001(1.10%)		Mkt cap ! $204.4M

Open	High	Low	Value	Volume
9.0¢	9.4¢	8.8¢	$961.4K	10.61M

Buyers (Bids)

No.	Vol.	Price($)
1	55308	9.0¢

Sellers (Offers)

Price($)	Vol.	No.
9.2¢	100000	1

View Market Depth

No.	Vol.	Price($)
1	55308	0.090
1	70606	0.089
3	361606	0.088
5	356160	0.087
4	328277	0.086

Price($)	Vol.	No.
0.092	100000	1
0.093	125000	1
0.094	166052	3
0.095	1044399	7
0.099	101546	2

Last trade - 16.10pm 05/09/2024 (20 minute delay)

MEI (ASX) Chart