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nickster

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25/10/19

15:37

Post #: 41070156
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Originally posted by jason_695: ↑

Well its not usually a good idea to be gratuitously impolite. @oligarch does appear to know what he is talking about and I find his posts informative and helpful - that doesn't mean that I have to agree with every word but they do make me think. The Market has just marked MEI back to 6.5c again so not a lot of support there for it being a "bargain" today (though a good result for longer term holders nonetheless). To put the $511m into clearer focus: (1) it may more or less next week; (2) that is assuming all production was unhedged; (3) that is before taking actual cost of production [AISC] into account; (4) that is before paying interest on money that may be borrowed to build a mine; (5) that is before having a mine to deliver the actual gold. Apart from those caveats I would agree (referring to your last post at 15:00) that you most definately have your finger on something or other.

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Originally posted by jason_695: ↑

Well its not usually a good idea to be gratuitously impolite. @oligarch does appear to know what he is talking about and I find his posts informative and helpful - that doesn't mean that I have to agree with every word but they do make me think. The Market has just marked MEI back to 6.5c again so not a lot of support there for it being a "bargain" today (though a good result for longer term holders nonetheless). To put the $511m into clearer focus: (1) it may more or less next week; (2) that is assuming all production was unhedged; (3) that is before taking actual cost of production [AISC] into account; (4) that is before paying interest on money that may be borrowed to build a mine; (5) that is before having a mine to deliver the actual gold. Apart from those caveats I would agree (referring to your last post at 15:00) that you most definately have your finger on something or other.

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What a great point you make re Jason- there is no doubt he is on to something / i am the last person to ramp a Gold company that already has the best find this year bar none but it is good to know all the results are bonanza grade

MEI Price at posting: 6.5¢ Sentiment: Buy Disclosure: Held
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Last 9.7¢		Change 0.007(7.78%)		Mkt cap ! $222.2M

Open	High	Low	Value	Volume
9.0¢	9.7¢	8.8¢	$533.2K	5.726M

Buyers (Bids)

No.	Vol.	Price($)
3	119075	9.6¢

Sellers (Offers)

Price($)	Vol.	No.
9.9¢	151546	2

View Market Depth

No.	Vol.	Price($)
3	119075	0.096
2	122514	0.095
2	62514	0.094
3	136277	0.093
2	67514	0.092

Price($)	Vol.	No.
0.099	151546	2
0.100	1213472	5
0.105	960035	11
0.110	1086447	11
0.115	586924	7

Last trade - 16.10pm 10/09/2024 (20 minute delay)

MEI (ASX) Chart

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gold gold gold, page-1246

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