It comes down to interpretation, sure the headline reads “Cannaccord: $12 billion ready to flow into gold explorers and developers”
The piece in the article that mentions MEK, is under the heading M&A cash to redeploy. ”Westgold Resources (ASX:WGX) is the top dog in the Meekatharra area and could have a look at soon to be producers Meeka Metalls (ASX:MEK) or New Murchison Gold (ASX:NMG) (the latter of which it already has an ore purchase agreement with), or high-grade explorer Great Boulder Resources (ASX:GBR).
Lets see what really happens.
Im picking, that should Cannaccord open the wallet and actually start buying up that the euphoria will flow down to most gold explorers/producers.
With these roosters making such statements and first pour around the corner I’ve just strapped myself fastened the seat belt another notch in readiness for the take off. The thrust will put NASA to shame……
MEK Price at posting:
14.5¢ Sentiment: Buy Disclosure: Held
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