MICAP - But in answer to your question. "No", not mining....but exploration.
Message 7970802
I also find myself falling to the pessimistic side now. Being a trader by nature, I have found that it is ALWAYS best to remain objective about ANY holding, regardless of how close you may or may not be to the information coming out or the issue itself. I sold 25% of my position last week at .355 and have started trading MDIN. It is very predictable at these levels and I cannot ignore opportunity. I hate to create further liquidity here and play into the MM games, but learn to play and think like an MM to profit, or don't. It is really that simple.
I am still trying to remain positive about the long term as it appears that things are still looking good for a share price greater than today's value. But I cannot ignore the facts that thus far promises of the company have not materialized, results have not significantly moved the share price, and the market is rarely surprised.
It always seems to be "the next hole", or "the short squeeze", or "analyst coverage", or "fund buying", or "NDAs", or the analysis based on similar situations (i.e. ARP.V). Everyone is quick to point out the similarities but we seem to always ignore the glaring red flags. And the one thing that is always a constant in these penny plays are those that love to stick to their "numbers" or analysis in an effort to justify future value.
I no longer read many of the posts here and only trust a couple of people for my MDIN info. We must all remain objective and analyze this as if we were NOT a shareholder. It is not a pretty picture though if you analyze honestly and objectively.
I am pinning my hopes on one thing only, a low ball bid to take us out and potentially force a short squeeze of some magnitude. We must force that share accounting as that appears to be the only feasible way to get some high $$ out of this issue, save holes 5 and 6 proving up in a big way.
Just too many other things are not making sense and if this were any other situation I would have been gone long ago.
There is enough information here to write a book on penny stock pyschology though.
Still long on MDIN .... but only 75% long now.
Tj |
