MDI 13.3% 1.3¢ middle island resources limited

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

  1. 176 Posts.
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    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’.

 
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