Well Contra if I am reading the financials right and I would like to think that I am..MPJ have $190,000 in Cash and the CF from operations is 500k per half year. that over $1m full year..boy are these directors paying themselves. Its over.
They have stripped cash by virtue of $750k in salaries and $1.5m in last year from the balance sheet to sell a CR based on unproven rocks they could have lifted from next door.
This one is Dodgy city.
Invest at own risk....I am running away from these geese....now I have read that.
This is classic Pump inDump and they know aint no ASIC down here.
Hope this helps holders take profits and bail....can I suggest Holders read financials....or what am I missing.
This company has negative cash right now.
Best.
GG
MPJ Price at posting:
0.9¢ Sentiment: None Disclosure: Not Held