17-Nov-2020: MEP: Progress Report and AVW: Avira Completes Sale of Pyramid Project
MEP are one of my preferred base metals and precious metals explorers (mostly base metals in their case), although I do not currently hold any MEP shares. They are on my Strawman.com scorecard however. As well as their 100%-owned projects, MEP are involved in a number of JVs with other companies, including OZ Minerals (OZL) and Andromeda Metals (ADN). For more info on the ADN-MEP collaboration on the research and development of commercial applications for halloysite-kaolin nanotube material from the Poochera project in South Australia - see the following links:
https://smallcaps.com.au/andromeda-metals-minotaur-exploration-collaborate-halloysite-kaolin-nanotube-technology/
https://themarketherald.com.au/andromeda-metals-asxadn-and-minotaur-explorations-asxmep-jv-advances-nanotechnology-2020-10-28/
Today's announcement is all about a Queensland gold project that MEP have just bought. If you like the speculative end of the market, there's always something going on with Minotaur (MEP). Just be aware that they never produce anything, they just discover stuff, firm up discoveries, and then sell them, and move on. Their expertise is in finding stuff, not mining stuff. They found Prominent Hill, which became OZL's flagship copper-silver-gold mine. MEP have been at it a long time, and have enyoyed some success. However, don't expect dividends from MEP because they are not producers and never will be. Your gains with MEP, when they come, will be entirely via Capital Gains, and if you check out their graph you will see that there is money to be made in such companies if you buy near their lows and sell out (or trim your position) at much higher levels. I've done this in the past, but I don't consider them to be trading at or near their lows now, so I'm not a current MEP shareholder. In hindsight I did sell out too early, but that's the thing about hindsight...
