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MEI, METEORIC RESOURCES NL
blacksheep
post Posted: Nov 26 2019, 10:15 AM
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In Reply To: blacksheep's post @ Nov 20 2019, 10:07 AM

News on a neighbour - TSX listed Altamira Gold

QUOTE
Altamira Gold (TSXV: ALTA) filed a National Instrument 43-101 Technical Report on its advanced Cajueiro project, located in the northern Mato Grosso state in western Brazil.

In a press release, the company said that the Technical Report, dated November 22, 2019, effective October 10, 2019, supports the scientific and technical disclosure in the mineral resource estimates.

Back in October, the miner announced that a study conducted by Global Resource Engineering showed an 83% increase in the total amount of contained ounces of gold and a 61% increase in the gold grade.

Inferred resources were estimated at 12,665,000 tonnes at 1.26 g/t gold for a total of 515,000 ounces of gold of which 1,673,000 tonnes at 1.12 g/t gold is weathered rock and 10,992,000 tonnes at 1.29 g/t is fresh rock.

Indicated resources, on the other hand, were reported as totaling 5,661,000 tonnes at 1.02 g/t gold for a total of 185,000 ounces of gold of which 854,000t at 0.92 g/t gold is weathered rock and 4,806,000 tonnes at 1.04 g/t is fresh rock.

The Cajueiro project comprises a large land package located in the Alta Floresta – Juruena Gold Belt, a Proterozoic arc consisting of calc-alkaline granite-volcanic, and medium to high grade metamorphic crustal segments.

Historic gold production in the belt is recognized to be in the range of 7-10MM oz., primarily from garimpeiro activity.




--------------------
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 20 2019, 10:07 AM
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In Reply To: blacksheep's post @ Nov 18 2019, 01:47 PM

Does this mean they are now truly "fully funded" to Accelerate Juruena & Novo Astro Projects? No mention of "fully funded" in this announcement - only "accelerate".

Like the $2.7m placement in August 2019 only sophisticated investors & insto's got to participate - although MEI Directors Tunks & Ramnath have agreed to participate in the current CR, subject to shareholder approval

1st tranche (130m) due to be settled on or around 27/11/19 - should see a drilling update soon.

$7M Raised to Accelerate Exploration at Novo Astro & Juruena Gold Projects

QUOTE
• Firm commitments received to raise $7.0 million from existing shareholders and
leading institutional investors
• Funds raised will enable Meteoric to accelerate Brazilian exploration programs
including:
o 5,000m of diamond drilling at Juruena to expand known Resources and test
additional targets
o 3,000m of diamond drilling at Novo Astro testing under known Artisanal open
cast mines
o 20,000m of percussion/air core drilling at Novo Astro to define the scale of the
mineralised system outside historical mining areas
o Expand the proposed geophysical programs at Novo Astro and Juruena

Meteoric Resources NL (ASX: MEI) (“Meteoric” or the “Company”) is pleased to advise it has received
firm commitments to raise $7 million (before costs) through the placement of 140,000,000 million new
shares to sophisticated and professional investors at $0.05 per share
(Placement).

The Placement will allow Meteoric to accelerate its exploration at the 100% owned Juruena and Novo
Astro Gold Projects
located 30 km apart in the highly prospective Alta Floresta Gold Belt in state of Mato
Grosso, Brazil, where the Company is currently completing maiden drill programs at both projects.

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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 18 2019, 01:47 PM
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In Reply To: blacksheep's post @ Nov 12 2019, 11:08 AM

In a Trading Halt - another cap raise - apparently a "material" cap raise.

The last cap raise was undertaken just a few months ago - on 12 August 2019. That CR was "at an issue price of $0.032 per share, 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."

MEI also pointed out at that time they were "fully funded" sadsmiley02.gif

QUOTE
Meteoric now fully funded for an expanded drilling program
• Expanded program will enable two exploration teams to be working concurrently on Juruena and 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 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
 

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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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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: 6,775
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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
 
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
 
 


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