This is a terrible look just weeks away from them releasing the...

This is a terrible look just weeks away from them releasing the Feasibility Study.

There’s two potential scenarios at play here:

1. Beau Nicholls has resigned because he thinks/knows the Feasibility Study is a duster; or
2. Beau Nicholls has resigned because MDI are about to start mining, and he genuinely can’t commit the time to act as a director.

Let’s face it - most Non Executive Directors of junior mining explorers don’t do a heck of a lot, but that’s a different story for producers. The next 12 months are going to be intense for MDI, and perhaps Nicholls just isn’t up to it.

Terrible look though MDI - I’m changing my sentiment to ‘Hold’.