6 years since buying MPJ and watching pump and dump, page-35

mates taking profit IMO to be in cash for the next CR

3 month ago MPJ had CR for $1.2m > 200m heads @0.006 + 1:2 (100m) free options MPJO to soph.investors (mates).

If they are selling free options @0.002 it is a nice 200k profit for them and they can sale heads for the cost @0.006. They still have $200k profit within 3 month for just 1,200,000 investment = just under 70%pa.
If they are their mates they will come up with the another CR at cheap again with the free options but for longer life, doesn't matter what price exercise, they will sell them later on market again (as they sold MPJO) to ordinary retail investors who can end up stuck in them, like in MPJOB. That's a normal practise, if not careful.

I am not negative, but realist who is trying to see all pros and cons as well
I like MPJ prospect, but not sure about time frame.

I would not care much about options 10m or 20m on sale side > IF? MPJ will come up with a good ann they will be eaten in a second.
Don't forget > from last August placement to Sof.investors 100,000,000 free options floating around.
didn't cost them a cent, so they have profit even @0.001

BUT I do care when ex. date time is shorter and shorter and company 's drill campaign is longer and longer with less metres drilled than promised , so I sold most of my MPJO before CR and bought heads instead after on low.

I believe some ppl were burned with MPJOB > with MPJO options with only 7 month life and MPJ is still in just exploration stage which can take longer than we hope, like with the last campaign = less metres drilled than promised and all $ spend anyway then CR followed = reward will be only if heads goes at least to 0.015+++ within 7 month or worthless like MPJOB if not.

I hope it will reward us all in the next few weeks/months, but I did hope for the same last year as well(when Neal joined the party)
If they will miss the target with this drilling campaign (hope NOT!!) I would be worry with my MPJO as CR will follow and most probably with mils of free options again maybe MPJOC with longer life again. I can sleep better with the heads mostly atm = no time pressure.

Who is looking to buy an options should ask them self Q: Is 7 month long enough for the options in the exploration company? depends in what stage exploration!! Drilling for just to find it? If fined will it be economical? Drilling to add more to existing resource etc etc If they are happy with their own answer go for it. If not, be safe and sleep well.

Options long life 12month ++ = Lower RISK = better % chance to be in $ depends on exploration stage and + chance to sell on the market.

Options short life 6 month and less = High RISK = but if co. is in an advanced exploration stage MAYBE better % chance that options will be in $ if drilling come up with the good results, BUT if drilling will have slow progress with no that rosy results > closer to expiry date op. will be harder to sell on market and in high% expire worthless. Hope this will not be the case, but I am more careful with the options trading than greedy.

For me it is just 50/50 chance to be in $ atm as they didn't find much yet so far and they are in early stage of exploration and still can take more time to find decent deposit if any IMO

Everyone for their own strategy and risk appetite.
Happy to hold most in MPJ and only 2 mil free carried MPJO.

Good luck to all and looking forward for the next drilling result.