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MII, MERIDIAN MINERALS LIMITED
ands
post Posted: Dec 18 2009, 04:21 PM
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Been in free fall lately. Can't understand why, management are keeping the market regularly updated, they have a massive resource, cash in hand, big Chinese backing, secured a processing plant already. Big volume with the sp going in the wrong direction today. Must be the 12 months before they decide whether to mine or not that is probably putting people off.

 
Trading4Success
post Posted: Nov 9 2009, 09:30 AM
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In Reply To: Trading4Success's post @ Oct 23 2009, 08:27 AM


MII
10:26 AM Chinese Government Approval received for $10.5M investment

another good announcement.

well worth doing some reseach..

i've got a few tucked away, holding for the next couple of years.



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FYI..I trade the Technicals NOT the Fundamentals.
 
Trading4Success
post Posted: Oct 23 2009, 08:27 AM
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In Reply To: Pub Lunch Man's post @ Oct 22 2009, 09:34 PM


Hi PLM

thanks for the update, it's much appreciated.

certainly worth keeping a close eye on them.

just imagine where the share price could be in a couple of years if all goes well.






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FYI..I trade the Technicals NOT the Fundamentals.
 
Pub Lunch Man
post Posted: Oct 22 2009, 09:34 PM
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In Reply To: Trading4Success's post @ Oct 20 2009, 12:53 PM

Hi Trading4Success,

As I posted earlier in a previous company presentation (21st May 2009) the Lennard Shelf Zinc Project had an IGV (In Ground Value) of $2.008B.

The recent substantial increases in Zinc & Lead prices (see below) has significantly impacted on the NPV of the project!

I have reworked the figures (from a previous announcement) factoring in current resource prices and MII developments...

Key points:

* The $10.5M placement is at an issue price of A$0.08 per share to a state owned Chinese Resource Company

* Since the above valuation was completed the price of zinc has increased 58% to US$1.00/lb from US$0.63/lb at the time the MOU for the Project was signed and lead has increased 68% to US$1.09/lb from US$0.65/lb

* A Scoping Study has indicated that the break even zinc price required for a combined Kapok/Kapok-West mining operation is potentially $0.68/lb

* The significance increases in zinc and lead prices are extremely positive for the economics of the Project

* The Lennard Shelf Zinc Project currently has defined Inferred, Indicated and Measured resources of 8.2 million tonnes (Mt) @ 7.4% Zn and 4.5% Pb (comprising 24,000t of Measured resource, 3,039,000t of Indicated resource and 5,137,000t of Inferred resource)

* Meridian will soon commence a +20,000m diamond drill program in order to infill drill and look to extend the Kapok West resource

* Exploration drilling is planned for a number of quality targets with the potential to deliver new resource discoveries

JB


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Trading4Success
post Posted: Oct 20 2009, 12:53 PM
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In Reply To: Trading4Success's post @ Oct 20 2009, 09:42 AM

MII..crank up the volume, best result over the past 3 months.

update out today, haven't read it as yet.

must say management are keeping people in the loop with regular updates.

3 MONTH DAILY CHART.
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FYI..I trade the Technicals NOT the Fundamentals.
 
Trading4Success
post Posted: Oct 20 2009, 09:42 AM
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In Reply To: Trading4Success's post @ Oct 20 2009, 08:37 AM

i actually put a daily chart on the previous post.

should have been a weekly chart.

some action today, would be great if it can hold above 10cents.

1 YEAR WEEKLY CHART.
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FYI..I trade the Technicals NOT the Fundamentals.
 


Trading4Success
post Posted: Oct 20 2009, 08:37 AM
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In Reply To: Trading4Success's post @ Oct 19 2009, 11:11 AM

as you can things have gone along nicely for MII over the past few weeks.

worth doing some reseach.

one of the lucker Juniors by having a good substantial shareholder backing them.

1 YEAR WEEKLY CHART.
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FYI..I trade the Technicals NOT the Fundamentals.
 
Trading4Success
post Posted: Oct 19 2009, 11:11 AM
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In Reply To: Trading4Success's post @ Oct 19 2009, 08:29 AM


currently 9.5cents and rising.

once they hit 10 cents and above it's nice jumping by .05 cents each time.

watch this closely as it could take off.








--------------------
FYI..I trade the Technicals NOT the Fundamentals.
 
Trading4Success
post Posted: Oct 19 2009, 08:29 AM
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12/10/2009 NWME receives FIRB approval for $10.5M investment
worth noting it down especially after last weeks announcement.

Not many Juniors in the same boat as MII (having strong China based JVP's).

1 year weekly chart.
Attached Image





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FYI..I trade the Technicals NOT the Fundamentals.
 
Pub Lunch Man
post Posted: Sep 10 2009, 06:16 AM
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Posts: 255
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In a previous company presentation dated back on the 21st May 2009 the Lennard Shelf Zinc Project had an IGV (In Ground Value) of $2.008B.

The recent substantial increases in Zinc & Lead prices (see below) has significantly impacted on the NPV of the project!

From the last announcemnt...

Key points:

◆ The $10.5M placement is at an issue price of A$0.08 per share which is at a 78% premium to the last capital raising and a 33% premium to the current share price

◆ The Placement is subject to FIRB and Chinese Government approvals with the Chinese Government approvals expected to be granted before the end of September 2009

◆ The price of zinc has increased 37% to US$0.863/lb from US$0.63/lb at the time the MOU for the Project was signed and lead has increased 60% to US$1.04/lb from US$0.65/lb

◆ A Scoping Study has indicated that the break even zinc price required for a combined Kapok/Kapok-West mining operation is potentially $0.68/lb

◆ The significance increases in zinc and lead prices are extremely positive for the economics of the Project

◆ The Lennard Shelf Zinc Project currently has defined Inferred, Indicated and Measured resources of 8.2 million tonnes (Mt) @ 7.4% Zn and 4.5% Pb (comprising 24,000t of Measured resource, 3,039,000t of Indicated resource and 5,137,000t of Inferred resource)

◆ Meridian will soon commence a +20,000m diamond drill program in order to infill drill and look to extend the Kapok West resource

◆ Exploration drilling is planned for a number of quality targets with the potential to deliver new resource discoveries

JB

 
 


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