MRF 3.17% 6.1¢ mrl corporation ltd

Missing the point was an interesting start to your post @insaf ....

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  1. 4,418 Posts.
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    Missing the point was an interesting start to your post @insaf .
    Personally love TA and use it everyday, week, month and year that I trade. I also like FA, to invest where "the market" fails to correctly assign value.

    To put it simply, I would rather fail on a short term technical trade and be left holding a fundamentally sound business. That allows me to simply increase my stake or make the correct short term trade from the low.

    A recent example would be LOM, where 2 weeks ago you could have bought on market at 17c easily. They had already found kimberlitic indicator minerals, a multitude of special stones including a 131ct monster, and had an average diamond sale price of over $1600 per carat, and released to market that they were "cash flow positive", had secured funding to increase production/plant improvements etc. I think that would meet your criteria.

    But it took a presentation at RRS and a bit of media attention to cause the SP to start rising and close at 50.5c Friday.

    There has been no material ann's the day of the RRS event (or since) that would even remotely factor into my assessment of the company that I had not already factored in. The only answer "The market was wrong in its valuation and that situation is starting to resolve itself"

    I expect a similar outcome for MRF. The TF is ?????? but as an investor (or gambler?? as you suggest) I just keep buying dips provided that my ongoing assessment remains sound and no material evidence comes to light that I am in error. Good luck All.
 
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