Re:risk...9 Feb 2009 19:37
Hi boredmum. You are spot on. Only those with access to the "proper" Scoping report know what the future holds. What is not needed is a lecture from those who seem to believe they know where the share price, indeed, where MMS as a Company is going. PASSIN/Firebird must be livid at throwing good money at this stock only to see their investment shrink by 90% or so, now that is not good business senses, indeed, even if the share price responded well and say the resource is valued at say the original £500Mns, it is going to take some hard work to get back any return on their investment, thinking out of the box. The Tunisian Government has less funds and inclination now than they did when MMS "buttered" them up with their more nationally acclaimed JORC resource report and now a Scoping study which will only confirm that the income from the resource and costs of production has got a lot finer. If there is no market place for the darned stuff then there will be no further finance available. Indeed MMS have openly stated that all their cash reserves are earmarked for resource studies through 2009. Momentum buying on limited stock will make this share volatile, but I am anticipating a massive secondary offering to be announced.