Ann: Multiple Wide High-Grade Gold Intercepts at Palm Springs, page-166

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hoofa

12,487 Posts.

1760

17/02/21

15:30

Post #: 51083498
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Originally posted by Mining8 ↑

Seems to me that the price is being classically manipulated for accumulation.....sell lines at unrealistic sell prices out of reach from the buyer. Meanwhile the buy volume has been deliberately reduced. This creates an artificially skewed buy(5,527,274) :sell(12,200,584) depth to scare the naive retailer into thinking something is wrong and they sell into the shark waiting to gobble up shares from the weak hands. The low volume makes this easier to move the share price lower or line wipe to a lower price. Don't be fooled!

The fact that the volumes are low should give you the confidence that NONE OF THE BIG PLAYERS ARE SELLING OUT.!

Below: Unrealistic sell lines(highlighted in yellow) deliberately set out of reach from buyers to inflate the sell volume:

THE REALITY:

MEI have a deposit in Butcher's Creek with results consistently as good if not better than De Grey's(MC 1.2 billion) with the rare geological finding that they can find rich undiluted rich gold mineralisation CONSISTENTLY in the hinge and limbs of the anticline, and have increased the strike 100's of metres and open at depth with evidence of similar parallel structures.

Meanwhile, in Brazil we already have a high grade deposit with JORC and will receive and upgraded resource soon, and now we have a giant charge anomaly with vectors strongly indicating the possibility of a humungous copper-gold deposit, which is being drilled this week, which we will no doubt receive updates before assays as to the nature of the core. If it turns up the goods, a game changer and a big re-rating catalyst.

Not a time to be sitting on the side lines with MEI!

An exciting first quarter ahead!(giant anomaly) and year ahead(Butcher's Creek-Western Australia)

AIMO

Expand

Ramping,

Suggest you get a handle on why buyers disappear and share prices in general go down.

As I told you before the share price has decoupled from the company activities and will continue to decline imo until more information is forthcoming from the company.

MEI Price at posting: 6.3¢ Sentiment: Buy Disclosure: Held
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