I trade through Commsec and do my own research. I don't think its that hard with this. The company is tiny, what is the market cap something like $3m? The management have no direct mining experience. They are all ex finance guys. Finance guys (like myself) know nothing...especially nothing about mining and generally nothing about finance either. In any case these guys are going to have hire external advisors for everything. That costs money. These guys don't have much money. They will have to bring external people for everything from assaying to production. So what are you paying for buying this stock if the management don't have mining experience? Are you paying for the resource? It's not a great resource. Large mining stocks (BHP, RIO etc) have good resources that are productive and making so much cash at the moment. So your not paying for management skill, or the resource...you must be paying for a dirty old long shot speculative punt. Just hoping that things will turn out. If this why you are long then go ahead and hope for a miracle. But while this thing languishes in the backwater of the markets there are other stocks out there with solid results that actually trade from time to time.
MRJ Price at posting:
10.5¢ Sentiment: Sell Disclosure: Not Held