MEI 8.33% 11.0¢ meteoric resources nl

Ann: Quarterly Activities Report, page-4

ANNOUNCEMENT SPONSORED BY PLUS500
ANNOUNCEMENT SPONSORED BY PLUS500
CFD TRADING PLATFORM
CFD Service. Your Capital is at risk
CFD TRADING PLATFORM CFD Service. Your Capital is at risk
ANNOUNCEMENT SPONSORED BY PLUS500
CFD TRADING PLATFORM CFD Service. Your Capital is at risk
  1. 2,362 Posts.
    lightbulb Created with Sketch. 5677



    THE FOMO HAS BEGUN:

    From Quarterly Report-PRESS HERE

    'On 10 September, Meteoric advised that the first two diamond drill holes had intersected broad zones of sulphide mineralisation within the host trachyte unit. Importantly, these first two holes visually confirmed the location and geometry of the historical high‐grade gold intercepts underneath and along strike from the Butchers Creek open pit in the Kimberley.'

    'The confirmation provided from these initial diamond drill holes intercepting broad zones of visual sulphide mineralisation consistent with the location of historical high‐grade gold intercepts at Butchers Creek, provided the Company with a high degree of confidence to ramp up its drilling efforts. Meteoric commenced RC drilling in conjunction with the diamond drill rig, throughout September and into October to complete approximately 5,000m of RC and 1,500m of diamond drilling for a total 6,500m.'

    *** 'The first assay results from Butchers Creek Drilling are I.M.M.I.N.E.N.T.! and the Company expects to be in a position to announce these to the market in late October/early November.'!!!

    I find it interesting that the above statement was put in BOLD in the latest announcement....A show of confidence in my opinion. wink.png

    and:

    Managing Director Andrew Tunks Video Comments:
    "I'm certainly expecting some amazing results based on the cores that we've seen...." wink.png

    Watch from 5:31 re: Palm Springs in the video below:



    For a more thorough analysis PRESS HERE

    Also, I have not seen Tolga Kumova the number one shareholder of MEI with such a spring in his step regarding MEI since we first acquired the Brazil project when he recently stated regarding MEI:

    https://hotcopper.com.au/data/attachments/2586/2586545-c56a3e8153e717e91b3dc7cfff1f8bbc.jpg
    I find it also interesting as conveyed by forum member Makiriks who was present at the EGM that a major legendary WA gold investor and his group have heavily invested in MEI and gave a glowing assessment of the future prospects of MEI!

    To quote Makiriks:

    'a new but significant shareholder who attended provided a massive show of confidence in the way forward and offered support from his group on what he sees as one of the best opportunities in the gold industry right now!' PRESS HEREIn short if results are what as expectedexpect a significant re-rate!

    Disclosure:

    With all the positive indicators I couldn't help myself, and so bought a million more of MEI.

    Exciting times for MEI holders!

    AIMO

    P.S.

    With results imminent and the results slated for late October/early November there could be an hour of power this afternoon if results are release as early as Monday!
    Last edited by Mining8: 23/10/20
 
watchlist Created with Sketch. Add MEI (ASX) to my watchlist
(20min delay)
Last
11.0¢
Change
-0.010(8.33%)
Mkt cap ! $252.8M
Open High Low Value Volume
12.0¢ 12.0¢ 11.0¢ $201.2K 1.750M

Buyers (Bids)

No. Vol. Price($)
3 127686 11.0¢
 

Sellers (Offers)

Price($) Vol. No.
11.5¢ 433530 5
View Market Depth
Last trade - 16.10pm 05/11/2024 (20 minute delay) ?
MEI (ASX) Chart
arrow-down-2 Created with Sketch. arrow-down-2 Created with Sketch.