MNQ 0.00% 0.0¢ minquest limited

Trouble with putting a price on the resource to be sold, is...

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  1. 1,780 Posts.
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    Trouble with putting a price on the resource to be sold, is holder/poster, always over estimate the value the company will sell it for, so even if the figure is around 1 million, it more likely will be half that. You just need to look at exploration companies and what they sell valuable assets for in a stagnate market. Market cap of the company is not a good indication of a true price you will receive, so once again, the money becomes a huge issue.

    I do agree that you need very little start up for apps, compared to mining. There is still the gamble of the tech being good and as the share price indicates, the announcement did not do much for it at the current price. Market is valuing it as a risk still and with the small amount of cash on hand, one wrong move and the company brings in the administrator's.

    I was looking at this from the technical side of a trade. Very short, in and out but would not hold long term with so much uncertainty. Current share price looks like pivotal point and it struggles to break through the 2.4 area.

    I hope everyone does well out of this and I can see why some are excited but I'm seeing it as a toss of the coin in current state . Will watch and see what happens.
 
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