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MEI, METEORIC RESOURCES NL
blacksheep
post Posted: Nov 12 2019, 11:08 AM
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In Reply To: blacksheep's post @ Nov 6 2019, 03:45 PM

Had to look twice to find the 'VISIBLE GOLD' - note the caps in the announcement - it was a "speck". They drilled 5 holes but only reported findings on 2? Assume the other three weren't worth reporting on?

QUOTE
VISIBLE GOLD INTERSECTED IN FIRST EVER DRILLING AT NOVO ASTRO
 First ever drill‐hole at Novo Astro (NADD001) intersects visible gold at the José Prospect
within a zone of strong alteration and veining below the historic Garimpeiro pit
 NADD002 intersects wide zone (56m) of variable shearing and sericite‐pyrite alteration
 Five drill holes now completed
 The first two drill holes have been logged and dispatched for assay with results expected late
November
 Second diamond rig mobilised from Juruena to fast track the Novo Astro exploration program
‐ two rigs now drilling
 Extensive geophysical program including IP and Magnetics has commenced at Novo Astro

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The herd instinct among forecasters makes sheep look like independent thinkers. Edgar Fiedler

If the freedom of speech is taken away then dumb and silent we may be led, like sheep to the slaughter. George Washington
 
blacksheep
post Posted: Nov 6 2019, 03:45 PM
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In Reply To: blacksheep's post @ Oct 26 2019, 01:42 PM

QUOTE
I am excited!!!


Doesn't look like punters were "excited" about today's announcement. SP down 9.68% @ 5.6c - volume 10 million shares.

Hopefully we get some rock kissing pics soon to bring back the excitement biggrin.gif Worked last time. According to twitter TK is on his way to look at what they've got in the Amazon jungle. I think he's excited about the Novo Astro prospects

QUOTE
Second drill rig mobilised to Novo Astro, with first assay results due in late November


https://www.shortman.com.au/stock?q=mei
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--------------------
The herd instinct among forecasters makes sheep look like independent thinkers. Edgar Fiedler

If the freedom of speech is taken away then dumb and silent we may be led, like sheep to the slaughter. George Washington
 
blacksheep
post Posted: Oct 26 2019, 01:42 PM
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Not sure who is the biggest "salesman" - the CEO or the largest shareholder biggrin.gif

QUOTE
Tolga Kumova
@KumovaTolga
Oct 21
$MEI This legend called me 6 months ago wanting to buy a gold project in Brazil.
Six months later he has probably the best gold hit on the stock exchange this year.
Now I am about to get on a plane and fly to the Amazon forrest to look at what we have discovered.

I am excited!!!


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Meteoric rise for high-grade explorer
QUOTE
After a "short and furious" due diligence process, Meteoric picked up the project for A$1.5 million in cash and shares from Crusader Resources (now Big River Gold) in March.

"I feel like we stole this deposit," Tunks said.

"We just love this project."

The purchase price equates to $7 an ounce, which Tunks said would only get better as the project grew.

The acquisition also included the Novo Astro project, which could be an epithermal deposit.

"Amazingly, this has never been drilled," Tunks said.

read more - https://www.miningnews.net/events-coverage/...-grade-explorer

Or it could be the HC groupies are the best salesmen - those who decipher every tweet made and suggest - ladies and gents - toot toot the Tuckinator/Tolganator train is leaving the station and this is your last opportunity to get on board
QUOTE
Ladies and gentlemen I give you this tweet!
https://twitter.com/KumovaTolga/status/1186472213190299650

ps pls everyone invest what you can afford to lose, its looking good but we dont know for sure, dont put the house on it unless you have a spare house

Having said that if tolga k feels this is the opportunity, then what can i say!

Bluesky,
If these two tweets from our Number one shareholder is not a hint(note date:today! 22/10/19 )that something is about to happen I don't know what is!...and once the results come in instos and sophs will be all over this if some are not already, and the 6's will be history!

There has been relentless buying with line wipes the last two days....where there's smoke there's fire!
Cheers, M8


Time will tell if "they stole it" and whether or NOT they did enough "due diligence".

Of course I still remember the MEI Mark 1 cobalt train - it left the station, climbed a hill, then came back down the other side
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--------------------
The herd instinct among forecasters makes sheep look like independent thinkers. Edgar Fiedler

If the freedom of speech is taken away then dumb and silent we may be led, like sheep to the slaughter. George Washington
 
blacksheep
post Posted: Oct 17 2019, 06:55 PM
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In Reply To: blacksheep's post @ Aug 22 2019, 07:38 PM

Interesting read......
Investors should be cautious on gold
Sarah Turner

QUOTE
"Investors should be very cautious about investing in gold, says Simon Mawhinney , chief investment officer at Allan Gray.

Most of them are crappy companies with short reserve lives,” he said at the Morningstar conference today.

There are risks with all resource companies but more so with gold.

The fund manager said that the time to invest in gold was 2013 to 2014 but noted that “gold is a hot commodity now and has its own momentum.”

There’s a fair degree of hype and the risks to investing in gold are very elevated. I would be very cautious.

https://www.afr.com/markets/equity-markets/...20191017-p531hg



--------------------
The herd instinct among forecasters makes sheep look like independent thinkers. Edgar Fiedler

If the freedom of speech is taken away then dumb and silent we may be led, like sheep to the slaughter. George Washington
 
blacksheep
post Posted: Aug 22 2019, 07:38 PM
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Posts: 6,570
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In Reply To: blacksheep's post @ Aug 22 2019, 10:59 AM

Might receive a Please Explain from ASX

SP ended the day up 16.67% @ 4.9c. Days range 4.3c - 5.3c. Volume 27.5mil. A day traders delight today. Trouble is, DT's are usually long gone before the music stops


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--------------------
The herd instinct among forecasters makes sheep look like independent thinkers. Edgar Fiedler

If the freedom of speech is taken away then dumb and silent we may be led, like sheep to the slaughter. George Washington
 
blacksheep
post Posted: Aug 22 2019, 10:59 AM
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Posts: 6,570
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In Reply To: blacksheep's post @ Aug 21 2019, 08:27 PM

Barry Fitzgerald's new article - Why Tolga Kumova backs Meteoric - https://stockhead.com.au/resources/barry-fi...backs-meteoric/

QUOTE
Meteoric was a 1.2c stock back on April 1 and it has since motored on to 4.2c as things in its Amazon Basin gold hunt heat up, with Kumova having recently kicked in another $900,000 at 3.2c to a $2.7m placement by Meteoric to keep the momentum going.


Fails to mention it was previously pumped up to a high of 7.8c on the back of the "cobalt boom" in October 2018 when he penned this article - Meteoric rise for Meteoric as it pushes into Canada -
QUOTE
13th October 2017
Barry FitzGerald
Until quite recently, the share price performance of Meteoric Resources (ASX:MEI) was anything but meteoric.


QUOTE
Oh, and there was also the revelation that Tolga “The Brand” Kumova had snapped up a near-10% stake in the company.

https://www.resourcesrisingstars.com.au/new...t-pushes-canada

Hopefully the gold price doesn't go the same way as the cobalt price and that these wildfires are a safe distance from MEI's projects - https://twitter.com/StormchaserUKEU/status/...174812673130496
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--------------------
The herd instinct among forecasters makes sheep look like independent thinkers. Edgar Fiedler

If the freedom of speech is taken away then dumb and silent we may be led, like sheep to the slaughter. George Washington
 

sentifi.com

Share Cafe Sentifi Top themes and market attention on:


blacksheep
post Posted: Aug 21 2019, 08:27 PM
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In Reply To: blacksheep's post @ Aug 16 2019, 11:37 AM

Looks like Tolga Kumova was one of those "small number of strategic investors" who stumped up - 29-odd mil shares.

Noticed this article about wildfires raging through the Amazon. The accompanying satellite image seems to suggest some fires could be in the area of MEI's projects in the
north of Mato Grosso state Central Brazil. - see ABC article.
https://www.abc.net.au/news/2019-08-21/wild...d-rate/11434866
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This NASA Map was taken 5/6/19
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--------------------
The herd instinct among forecasters makes sheep look like independent thinkers. Edgar Fiedler

If the freedom of speech is taken away then dumb and silent we may be led, like sheep to the slaughter. George Washington
 
blacksheep
post Posted: Aug 16 2019, 11:37 AM
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In Reply To: blacksheep's post @ Aug 12 2019, 12:22 PM

The "small number of strategic investors" who stumped up $2.7mil CR @ 3.2c must be pleased with today's ann. SP up currently 11.11% - days range 4c - 4.4c - volume 12.9 million

QUOTE
16 August 2019
VISIBLE GOLD INTERSECTED IN FIRST DRILL HOLE
Highlights
 Meteoric’s first Diamond Drill Hole at Juruena JUDD001 intersects visible gold within a 16m
wide alteration zone at Dona Maria Prospect
 JUDD001 was designed to confirm Bonanza grades at Dona Maria prospect
 Drilling to date has intercepted multiple alteration zones and are now being geologically
logged and sampled
 Second rig has begun drilling, ramping up to 2 shifts so drilling production rates will now
increase




--------------------
The herd instinct among forecasters makes sheep look like independent thinkers. Edgar Fiedler

If the freedom of speech is taken away then dumb and silent we may be led, like sheep to the slaughter. George Washington
 
blacksheep
post Posted: Aug 12 2019, 12:22 PM
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In Reply To: blacksheep's post @ Aug 9 2019, 10:41 AM

$2.7m placement to a "small number of strategic investors" - 84,375,000 New Shares at an issue price of $0.032 per share, CPS Capital is Lead Manager to the Placement - Jason Peterson/Tony Cunningham (the latter of HC fame now branching out into Stocks In Play - and look who got a photo op https://twitter.com/stocksinplayAU/status/1...727431735300096 MEI substantial holder Tolga Kumova) https://www.cpscapital.com.au/team/

The placement was described as a "premium" and a slight "discount" - " representing an 8.4% premium to the 30-day VWAP and a 3% discount to the 10-day VWAP up to and including 8 August 2019" rather than telling it as it is - SP pumped up to 4c to give this small number of SOF's some more cheap shares @ 3.2c.

QUOTE
Meteoric now fully funded for an expanded drilling program


Let's hope so!

QUOTE
Managing Director Andrew Tunks said, said: “Recent exploration at the Juruena and Novo Astro
prospects has increased the Company’s confidence in the discovery potential of Meteoric’s Brazilian
assets. Over the last few weeks, diamond drilling at Juruena commenced and two rigs are currently onsite
drilling double shifts at Dona Maria (Juruena).

“Additional first pass exploration has been underway 30km to the east at Novo Astro and has recognised
thick zones of alteration and mineralisation within basement rocks that have been the target of extensive
artisanal mining (ASX:MEI 01/08/2019). It is the Company’s opinion that the targets at Novo Astro
warrant a large and detailed drilling program far in excess of its early expectations.

“The new capital injection will be used to bring in additional drilling capacity to effectively run two
exploration teams working in tandem, one at Juruena and one at Novo Astro to immediately grow an
understanding of the geology and gold distribution at these exciting bonanza-grade gold
projects. Crucially the Novo Astra program can now scale up without affecting the Company’s strong
focus on Juruena, allowing both projects to be tested over the coming months, concurrently expanding
and fast tracking our initial plans.”





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--------------------
The herd instinct among forecasters makes sheep look like independent thinkers. Edgar Fiedler

If the freedom of speech is taken away then dumb and silent we may be led, like sheep to the slaughter. George Washington
 
blacksheep
post Posted: Aug 9 2019, 10:41 AM
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In Reply To: blacksheep's post @ Aug 1 2019, 08:26 PM

Posted 1 August 2019 - "So let's hope the drilling results are enough to stir up interest before the next CR"

Boy that was quick biggrin.gif In a trading halt this morning pending "material" cap raise. Material? Cornerstone investor?.

Noticed how the SP had been rising in the last couple of days on NO news other than their ann on 1 August - NOVO ASTRO – IMMEDIATE DRILL TARGETS
IDENTIFIED UNDER HISTORIC WORKINGS.

So, buyers hoping for good news, insiders buying on news not available to the market, or someone pushing up the SP in preparation for this CR? The last Share Purchase Plan in March 2019 was at a subscription price of $0.01 per Share. The SP finished yesterday $0.04 - allows for a bit of a discount

If results are imminent why are they not made public prior to the CR?

extract from 1 August 2019 ann

QUOTE
Our first batch of 36 samples from Novo Astro have been dispatched to the lab and we should have results
within weeks. Of course, this is all happening simultaneously with the Juruena drilling program, which has
already kicked off at the first targets at the high‐grade Dona Maria prospect.
This is a very exciting time
indeed fo r Meteoric.

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--------------------
The herd instinct among forecasters makes sheep look like independent thinkers. Edgar Fiedler

If the freedom of speech is taken away then dumb and silent we may be led, like sheep to the slaughter. George Washington
 
 


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