Ann: Colossus Cupim South Step-Out Drilling Yields Best Results, page-44

is a concern as ixr is not viable from a pure resource extraction perspective. I scooped a few at 62 . I assume the shares would be sold off market and the sp is either driven down or positioned to a level close to the transfer. However, in general, Mei getting sold down hasn’t helped and the market now wants a 4000 ppm resource for LOM as a minimum threshold. Vmm is under 50 mil mc. So unless a cr is on the horizon, it might appear that some holders are exiting to preserve capital. Whatever the reason 50 mil I’m prepared to take the risk anytime as I am confident Vmm will get enough 4000 ppm resources treo and better metrics than Mei. However that resource is the key.
I can understand Mei drop as it was overvalued based on it’s scoping study plus there is the added discount of having majority of resource used to be within the environmental region - buffer and sanctuary.
Vmm is cleaner. Absorb the hits be opportunistic and we will all be smiling in 6 months or so I reckon.