One of the issues that millions upon millions of shareholders forget, is that this company is in the business of exploration.
To this point there is nothing of commercial value. That is selling a mineral commodity and getting paid.
The company has enough cash to explore/drill/ and find a commercial quantity of whatever mineral for 12 months or so
In the meantime investors that often do not have the money, speculate on a share price heading up, up up and open up a commentary to support their position.
It does not work that way and certain posters on this forum have been “promoting” un realistic expectations in the foreseeable future.
These exploration developments can take years and share prices can be in the penny dreadful status.
Two posters have submitted my comments to the the company in an endeavour to support their misguided ramping
I have as a shareholder expressed my opinion in terms of the share price and its direction.
No down ramping, just calling it as it is.
Those pushing a fairy tale narrative should get a sense of reality about the current situation.
If and when the data suggests improvement, I will acknowledge it accordingly
- Forums
- ASX - By Stock
- MEI
- Ann: Multiple Wide High-Grade Gold Intercepts at Palm Springs
Ann: Multiple Wide High-Grade Gold Intercepts at Palm Springs, page-169
-
- There are more pages in this discussion • 10 more messages in this thread...
You’re viewing a single post only. To view the entire thread just sign in or Join Now (FREE)
Featured News
Add MEI (ASX) to my watchlist
|
|||||
Last
10.0¢ |
Change
0.000(0.00%) |
Mkt cap ! $224.0M |
Open | High | Low | Value | Volume |
10.0¢ | 10.5¢ | 9.9¢ | $161.3K | 1.604M |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
3 | 314765 | 10.0¢ |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
10.5¢ | 1231187 | 9 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
3 | 314765 | 0.100 |
1 | 43606 | 0.099 |
1 | 43606 | 0.098 |
3 | 154925 | 0.097 |
2 | 93606 | 0.096 |
Price($) | Vol. | No. |
---|---|---|
0.105 | 1231187 | 9 |
0.110 | 980345 | 10 |
0.115 | 554423 | 7 |
0.120 | 687332 | 9 |
0.125 | 230007 | 4 |
Last trade - 16.10pm 19/08/2024 (20 minute delay) ? |
Featured News
MEI (ASX) Chart |