m0ngy You don't know what you are talking about. If the project is bankable, they should be able to borrow some of the small capital amount required. Then there is potential finance from offtake partners. Then there will be funds available from retail shareholders (and insto's) if the project is attractive. Its easy to sit behind your screen and criticise MEP management. Hindsight is a great thing! Also, the project is not up and running yet, the final outcome is unknown, we don't know the real value yet etc. Normally, if things sound to good to be true (like Poochera) then they generally are too good to be true. MEP is primarily a base metal explorer and to me if they can mobilise an unquantified project like Poochera and achieve meaningful cashflows whilst minimising risk (ADN is taking the initial risk by spending the funds proving up the project), then this is an acceptable outcome. In the meantime MEP can focus on their core business which is finding base metal deposits.
MEP Price at posting:
4.8¢ Sentiment: Hold Disclosure: Held
