MSR 0.00% 0.7¢ manas resources limited

Ann: Quarterly Activities Report, page-167

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  1. 232 Posts.
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    If MSR did happen to pick up a Lithium or Cobalt tenement, once the frenzied share price surge was over and done with, I'd take my profits and get out. These two sectors are now saturated with hopefuls and and it is already a race against time. Getting into Cobalt or Lithium this late in the game would be a sure fire way for MSR to burn all it's capital over years to come and we'd end up where we started.

    I would far prefer MSR to pick up a more gold tenement in a more secure jurisdiction and play to the strengths of their major shareholder in RSG and non executive director David Kelly (of RSG).

    Both of the above statements are based on the assumption that MSR intends to eventually make the transformation to an actual mining company producing and selling a product, which in the long term is the only way the company will survive
    Last edited by kwerk: 05/01/18
 
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