Ann: Trading Halt, page-80

My Take on the CR.

Why is it necessary?

Primarily to fund the next drilling program.

Why now?

1.The SP is vulnerable due to delays in assay results where people can get impatient and sell out. Also, despite the very encouraging results so far; Juruena-bonanza grades in and outside indicated increasing the resource size and at depth, new wide alteration zones; Novo-visible gold/56 m alteration at first two holes, the company would be irresponsible not to raise now just in case the unlikely event of poor assay results.

2. It is also about timing. If you delay a raise until Christmas there is less chance investors/ instos will be available in the holiday period.

What to Watch:

Interesting will be Tolga Kumova, our number one shareholder’s exposure to the CR. Tolga has been on site in Brazil recently with all the big hitters and would have made an informed assessment of MEI’s project. In coming days watch for a change in substantial holding notice as an indicator of that assessment!

The Future

Drilling will continue through to Christmas and results will continue until well into the New Year. Now if Novo shows the potential the company think it has the SP could get to anything!

By the time the 2nd drilling program finishes next year we should have a good indication of what is there, and if it is as expected that is where a Take Over at an SP premium or a mining decision will be made. If either of those two outcomes are realised you can guarantee that the SP will have significantly multi-bagged from current levels!

Patience

Patience is therefore required for MEI to reach its true value!

And, just think about it for a moment, the instos and sophs spending millions in this CR have made an informed and calculated investment decision at 5c, not to sell for a few pips, but in the belief that what’s in the ground will make them some serious coin. i.e. a bag to a few bags from here!

Exciting times for MEI holders!

AIMO