RE. comparing to ACA--- The market was definitely not ripe for ACA's big news when it started coming out in Feb-Mar. I know, I was holding shares wondering if the market was deaf! (Other negative elements in the market at the time). -Further respective features to consider:
ACA had 20mil shares OS at the time, and 62% of the find (vs MEO).
But...
This time around, we know the potential of the area (Ashton). And if we make a discovery, even only reports of visible Kimberlite to start, I believe the market will respond favorably. It's impossible to predict how fervently, but I know there's a lot of speck money out there looking for a home, or at least a place to stay (eg., DML, CRN, WTC, etc).
-This market currently seems receptive to good news. -We're starting the new year. -The play is being closely watched, waiting for signals... These points, added to the fact that some of MEO's claims are right against ACA-find-abutting anomalies, means that if showings are positive, you can take that to the bank! Ashton too will be watching, you can count on it. :)
Read the market as it comes-- don't underestimate the significance of this play (imHO).
As we near the drill turning date, this thing'll build. Should be w/in 10 days now... (date always stretching out!). But the geologists are there doing their thing, fear not! MEO has at least 22 targets, to date, and building.
G'nite &...
best regards,
-j
:>
All: Above is my opinion. Always take time to do your own research-- and it ain't wise to risk more than you can afford! ;) |
