MCX 0.00% 9.0¢ mariner corporation limited

up 60 percent on sudden volume, page-4

  1. 3,072 Posts.
    VT

    good to see I'm not the only one left standing. read the latest ann's, MCX has been colonised by a group with good property portfolio management and development experience under their belt. MCX is set to become the listed entity for their business efforts.

    with a market cap of only $1 million any credible, revenue generating commercial property business that gets reversed into MCX has to produce a market cap of $10 million at least.

    sure, more shares will get issued to these guys as they get themselves set, but I still see some major bang for your buck at SUB 1c level. I suspect a lot of people don't realise the tremendous upside that getting set at between $0.005 and $0.009 can deliver when a company at deaths door turns around, which is exactly what is going on here.

    Also we have had a large insto (perpetual trustees) selling off a massive and heavily underwater position in Mariner Finance for years now, probably to crystallise a tax loss. I have been buying them from them for 12 months with a sense of deep gratitude. They have unloaded 30 million in the last year alone.
 
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Currently unlisted public company.

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