Peter,
You said" PS. Those who still hold, get out !, do a flip on something else,
and come back. MXR should stay at these levels for quite a while."
How can you make a statement like that? Do you talk to the company on
a regular basis, or receive calls from them at your office, like I do.
The smart money is bottom-feeding right now, at these prices. As far as saying it will not move from these levels for quite sometime....nobody knows this for sure, although TA and MM leaks, would add some insight. I'm not trying to jump all over you, I'm merely stating a point.
By the way, they have weeded out numerous properties that they have felt, did not meet their criteria as a whole. This can only help the shareholder's in the long run, as they are only interested in securing highly prospective properties. They are considering two at the moment,
one of them an (Alaskan Property) would impact the company immediately.
I myself don't know where the price of this is going per-sey, I wouldn't consider myself extremely bullish yet, however a few things to consider. They had nothing at this time last year, and the stock was trading in the .20 cent range. Financing, furthermore, can only be done at .15 cents or higher, which would be brought into the equation when purchasing the property(ies). That's a double at these prices before anything is started.
I will try to get an accurate insider report, as I know RG owns a fair
chunk of shares.
Good Luck All, |
