Classic Marmota strategy. This will most likely be given away to some Hong Kong fund managers at 0.04c to 0.05c without any chance for the rest of shareholders. What to you think Hong Kong & the spike is about? A chance for cr! It's been done before at 0.04c. You just got to do your own research.
As for the drilling, there is not going to be enough to complete it. Sure they can at least wait for some drilling results before issueing the cr. What's new? They had a chance to issue those earlier 0.04c at 0.15c+ at the time when it was in th 0.20c+. Same old trick. If you ask me, the Directors of this coy are imcompetant & needs to be removed. They need this cr to pay for their next fat directors fees & drilling.
Come on it is a speculative share & should be treated as one. Take the profit when it spike or you will be fooled once, twice, and even the third time. Having said that the cr will buy some time & probably more drilling with a chance of a strike or maybe the magic "ROCK".
MEU Price at posting:
8.5¢ Sentiment: None Disclosure: Held
