RE: So another week ahead....28 Oct 2019 07:34
Dreamy
We are where we are, we know he needs more cash because production has been delayed as a result of the allmineral late delivery of steel and late completion of the concentrator and he obviously has to pay the wages of all the managers and employees. This is as I am sure you know business things can and often do come along that where not expected, it’s all about how those things are dealt with when they happen.
If MM succeeds in obtaining further funding at 0.50 it will be great news, if he obtains it anywhere above the current SP it will be good news, if he has to offer a discount to the current SP it will be bad news, but it’s blimmin obviously the case that he will be able to obtain the funds needed to see us through to the point where our production is sufficient to cover our costs and following that we will begin to make substantial profits as we ramp up to full production.
The SP is not where most of us expected it to be, but that is life, those who need some or all of their cash, have or will sell, those who are worried will sell, I don’t need the cash, I am not worried and I am holding, despite being 28% down, which is twice the amount that Attila is down.
I know that MM has not done any interviews and hasn’t told us the production figures yet, but previously people where moaning that he did too many interviews.
The fact is that investors, whether underwater or not at this time, individually need to decide whether to hold, buy more, or sell, no comments on this board or other boards will change anything in terms of the company and MMs actions, but they may influence some people in terms of whether they buy, hold, or sell, and that’s what concerns me, not for myself but for those who are new to this “game” because when they read comments from some of them undesirables making out that the company will never produce and will go under, some will unfortunately believe it ! Despite the fact that those posting that nonsense are not invested, are in some cases obviously being totally disingenuous and are clearly attempting to get and keep the SP down so that they and others associated with them can make more money.