You only think the 31.8 cent claim is ridiculous because you...

You only think the 31.8 cent claim is ridiculous because you bought more and think you’ve picked the bottom.

A lot can happen between now and when this gets into production and starts working at nameplate. The 32 cents is based on the share price falling further to 20 cents and a TO at 60% premium. To say this is an impossiblity defies the reality of the stock market. The banksters have managed to work this down already IMO, who says they won’t do it again?

I think the biggest mistake you can make on the stock market is being overconfident. Unfortunately there are no certainties despite how much we want to believe and how much we know. I didn’t think this stock would be trading back in the mid to low 20s, the level it traded at before M1 was even discovered and before I first got interested.

The share price performance comes down to the decisions the directors and the chart speaks volumes as to the successs of their strategy. All this work that has been done since the first feasibilty has not benefited shareholders, it will just go towards enriching the ultimate acquirer. I don’t like my company and my hard earned dollars working for parties that lurk in the shadows.Esh