I have been a long term holder of MEI initially buying at 0.011 selling at 0.033 and buying again at 0.055 and selling at 0.095 and then buying again at 0.125 and still holding.
I have done very very well out of MEI and I believe there is another run coming as the company from I read last report has enough cash until the end of November 23 approximately. so I would think they will need to announce a cap raising at some point probably in September worst case October. Does anyone else agree and if that happens then you would think the company needs to get SP up with a few good announcement to probably around 0.30 so it can cap raise probably at 0.25.
What are other people's thoughts what other options do they have as cash will run out.
MEI Price at posting:
24.0¢ Sentiment: Hold Disclosure: Held
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