6 million shares is nothing if you look to the shares on issue. There was a sell off 2 weeks ago on the supposed bad news and guess what, there was no news! Results are due at the end of February.
I am here for the long term....I don't care if we are 3c or 1c there is plenty to play out of here including the bulk of results from the maiden drill program: to quote the latest announcement: (PRESS HERE) Meteoric will not receive assays on the balance of the Juruena drilling until the end of February, designed to test:
-Tomate
- the depth extension to Dona Maria and
-strike extensions at Querosene and Dona Maria
All very important assays that can have a significant effect on the share price by increasing the resource size; JORC.
Also at Juruena:
"Gold‐Copper mineralisation at Crentes in JUDD010 raises the potential for additional gold‐rich porphyry discoveries across the entire Juruena project!" PRESS HERE
"The copper‐gold intercept of 54.25m @ 1.33g/t Au & 0.23% Cu [from 170.7m] is the first copper‐gold mineralisation Meteoric have intersected and is the widest copper zone drilled so far on the project!This porphyry style gold‐copper zone comprises a broad alteration zone cut by a stock‐work of quartz, pyrite, chalcopyrite veins and disseminated sulphides and is substantially different geologically to the bonanza grade, epithermal‐gold style mineralisation at Dona Maria."
and then Novo:
-11 out of 14 or 79% of holes not yet assayed; double depth drilling in many because they are impressed by the geology or alteration.
-sulphide(pyrite) content up to 20% as opposed to 1-3% for the first 3 holes.
“At the Graça and Matteus Prospects, where we are currently awaiting results, we have seen stronger alteration and veining than witnessed at José. On the ground there is an expectation of significant gold intercepts at Matteus and Graça, where more intense shearing, alteration and higher sulphide contents have been observed. Holes drilled further east along the trend intersected zones of moderate to strong sericite with much greater sulphide content, up to 20%, than the generally weaker zones observed in holes NADD001‐003 (1%‐3% pyrite).
"Inspection and logging of drill holes in the central portion of the 5km long mineralised corridor at Novo Astro generally shows a greater abundance of sulphides (pyrite). This also coincides with the larger Garimpeiro workings at Matteus and Graça."
Then, we are fully cashed up thanks to the sophs/instos that understand the potential of this project medium to long term and will wait to obtain results for this program and the next for full share price appreciation!, not the idiots that sell because they are impatient on NO RESULTS, or they don't understand that exploration can also have their misses as well as hits, especially gold which is as scarce as hen's teeth.
MEI therefore have the money for drill program 2 which will include geophysical methods to finely tune where to put the drill bit as well as being guided from the results from the maiden drill program, the vast bulk of which we have not received yet!
I made bold that last phrase, why, to show you what d*** h**** are out there who are selling on results MEI do not have.
(20min delay)