chart, page-51

As you know, MEE made a private issue of 55m shares at 40 cents each recently.

I suspect that this is the reason that why the current price is struggling to get over 70 cents. Some of the institutions etc who took yp the issue are now taking profits by dribbling sales into the market.

I am not suggesting anyone is to blame. MEE needed the funds to proceed with its plans. 40 cents was a fair price at the time, in my view.

We just have to be patient.