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MEU published their annual report yesterday and Quarterly today. Their excitement market dampened with 10% reduction at the start of trading today.

I am guessing that could have for two reasons.

  1. Most importantly to bring down my tipping price at a low level to rise in Nov :)
  2. Company indicated Phase 2 drilling to be determined on the result of assay to be published in early Dec. After 20 Km drilling, you already talking on second drilling however realistic and strategic mode that is. Market probably did not like it.


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