MRD 0.00% 0.1¢ mount ridley mines limited

Another stop loss, page-8

  1. 66 Posts.
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    I know, he doesn't hold apparently due to conflict of interest, i have been with PPP, RS and Small Caps for about 8 years now, had some wins and had some losses, unfortunately when you play with the small caps there is the potential to win really big or to fall hard.... One of the reasons why stop losses are so important, unfortunately they can be manipulated very easily by savvy investors/traders.

    I am still very keen on MRD as i have stated before its not a get rich quick share (i wouldn't complain if it did) but there is still a lot of potential in the acreage that they hold, Sirius was on their last legs, down to the last hole and they struck the big one, one can always hope, hence don't put in more than you are comfortable to loose.

    Its interesting to see i think everyone is of the opinion that the first hole was/is a duster yet we still have not heard from management which in itself is extremely disappointing, but to go from 1.6 - 0.8 with no news will be extremely damaging to the company's integrity. In the meantime its probably best to not look at the share price....
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