MRJ 0.00% 17.0¢ meridien resources limited

any news?, page-9

  1. 117 Posts.
    Early stage projects have the highest probability of failure. And they only have 4 of them! The combined probability of anyone of them being successful is very small however the payoff if successful will be large relative to the tiny market cap. In other words this a long shot. Low chance of success with a relative high payoff and a large chance of relative low to zero payoff. If you consider expected payoffs and calculate probability x expected payoff then I find it tough to justify investing my hard earned cash into this thing. If you factor in opportunity cost that you have foregone in the meantime you would surely be behind in the long run. Look don't get me wrong its fun to have punt on a long shot and if it does hit it big sit back and giggle like a school girl but if i want to do that I'll go bet on horses or the dishlickers.

    "And gold aint gunna go backwards" ......If that's not a bubble statement right there then what is. I suppose this time is different right?
 
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