Ann: Murchison Development Update - April 2025, page-83

Hi All,

Long time holder, intermittent poster.

There are lots of ways to spot whether the trends are MEK specific - or market dynamic related.

I like to use other similarly positioned entities as a comparison and sanity check. As we're on a very similar trajectory to BC8, with MEK's stages mere months behind them, I'll use it to demonstrate. Our mapping is almost identical. Hence, IMHO the trends we're observing are not necessarily unique to MEK or related to covert ramp up issues - it's more likely stage dependent and market dynamics. There is no shortage of gremlins in the global financial system right now.

Across my time holding MEK, I've seen plenty of volatility and reversals into the red sea. Those moments have mapped to the market dynamics. It is the project fundamentals and management agility that has helped MEK survive these tests and create the conditions for success in the days ahead. With good fortune, MEK will have a strong, formidable wind at its back.




The management here are second to none, scrutinise them as is warranted for due diligence, But they're immensely ambitious and professionally capable, surrounded by a BOD oozing with industry tales and experience. This ain't no lifestyle company, Dorothy. These lads are hungry and we're just at the start of their ambitious plans.

This is not advice. I'm just trying to spread a bit of goodwill and console across the collective - sometimes most of the time HC can be a runaway train. There is enough consternation in the world without any of us having to unnecessarily jump at shadows.

Keep your eyes on the prize, stay alert, remain grounded in the fundamentals as that's what should have brought you here in the first place. The fundamentals remain the same amid a market dynamic that is getting a whole lot more volatile.

Hope this helps. Wishing all a great weekend and good luck to all.

Mofo