Gee sharetrader, you posted this below 10 weeks ago on MRQ threads and the only thing that has changed since then it appears is that we have the same acquisition at better terms. I understand your frustration from previous losses but your inconsistency is disappointing.
People selling at a 4 million dollar market cap is stupidity at its best.
Taking away the 1.7 million in cash ,that's 2.3 million for there current assets.
Excluding the Norrliden asset the other assets would be worth at least the current market cap.
A sale of Norrliden would have to be close to 30% of the current profit margin.
A conservative sale price of USD30 million could realise a return to MRQ of about 20% of the sale price.
I think that a US6 million dollar figure to MRQ is quite possible ,and this is the value for MRQ I put on the Norrliden asset at the moment.
It is all about the maths ,it is one thing to be pissed off ,but another thing to be stupid enough to sell when there is a lot of value not realised by the market.
MRQ Price at posting:
0.6¢ Sentiment: Buy Disclosure: Held
