As I feared that is what is playing out.
I had to let go my final position yesterday. If I didn't I would be once again in a loosing position with this one with very little hope.
The Tanzanian government has made life of MSR and other miners in that country extremely difficult.
Perhaps not our management's fault but Tanzania is not looking good from investment perspective.
This thing could go on for years & years. I certainly don't have that much patient.
I remember Thailand (KCN), Phillipines (RED5)......made a loss on all of them.
So I am out of all of my graphite and gold plays in Tanzania. On top the way the gold market is going, there are bargains all around.
The good thing with MSR is they have more cash in hand than the market cap. I was comfortable with that until I realised that they are never going to send me a cheque. Somehow that money will be expended on one thing or other, either Tanzania (looking unlikely) or they will once again find some other exotic project to spend that money.
Now you don't even hear from those pumpers when the stock was at .005-.006c, talking about 3-4c.
I see no reason to hold this now.
That's it for me.
I will be back if they ever get this project running.
All the best.
