MEP was surely a great buy. DRM was a mere 2c InSpecie distribution, and ADN at 1.15:1 just happened to worth 2c 2 months ago.
All of MEPs assets were quality. GW, now with ADN, a ML, PERP and now progressing through financing in what we would call extra-tough times. Shorters have a keen sense of armagedon smell and thrive on it, nevertheless the resource is too good and MEP's cornerstone asset remains. ADN will see this through - albeit on timelines imposed by reality, and I suspect some dilution.
MEP's other assets, into DRM, are just as good. Jericho growing like American fast food meals, quality tenements around Jericho, and these will also be developed, albeit with cashflow and no need to go to the market makes this endeavour a reality with no fuss....
Then MEPs other grounds - Altia, I'm keen to see this expanded. We have Pyramid, and a JV with BHP.
MEP was a quality Skinman. Wosket is now involved with TOR
A1M Price at posting:
33.5¢ Sentiment: Buy Disclosure: Held
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