MEI 2.70% 18.0¢ meteoric resources nl

General discussion (MEI), page-52

  1. 10,126 Posts.
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    I refer to my post above, and to @stampidge previous post.


    Well Q1 of 2022 is almost over and the Half Year Report out today only makes mention that Met Studies will be incorporated into the WA Scoping Study. And that Juruena SS has started.
    So obviously reference to Q1 2022 in the December 2021 Q was disinformation (should this Company apply for a job with Putin - remuneration shows it has the mindset of an Oligarchy) and what they really meant was Q1 of fin 2022-23.

    It is always so easy to be exact, and so tempting to be wrong.

    I am down heaps, but not bitter - I wanted exposure to the deep diamond drilling and gave the Good Doctor a lot of credit. Failure was no ones fault, can never be in greenfields exploration, but judgement was poor IMO and the Company published some remarks which were overly optimistic.

    Now I am waiting to see how the Company monetises the 750,000 oz of gold it has under JORC MRE - the SSs will be the first step, unless there is a discovery from left field. Bags for us holders from here should be possible, past performance makes it improbable..

    All in all this Company's performance is poor to pathetic, the BOD's renumeration packages are shocking, so now I will hold with the principle reason to vote down the next renumeration report and vote out any overpaid director.



    https://hotcopper.com.au/data/attachments/4172/4172185-866d1868882bc45fcd1a2eba572c4375.jpg

    Last edited by JandJ: 15/03/22
 
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