Great point Robert. Yes. Let's hope what they find is of...

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SelmaBouvier

3,692 Posts.

14/08/15

07:39

Post #: 15805454
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Originally posted by Robert64 ↑

Suzanne, great summary but you and most people on this thread are missing the point here.
You are looking at things as a geologist and what we potentially could find and not from a commercial point of view. No one cares about the potential and 'its out there somewhere, just give us more money and we might find it.' If they don't find anything of commercial value funds will eventually come to an end. You can kick and scream 'but it's out there, we will find it' until the cows come home. You might be right but no one will spend another nickel for you to find it.

There were no sophisticated or institutional investors last time they raised funds (only a few months ago)
so beats me why people think this will be the case this time around. Alignment Capital might not be interested at all this time. Last time the CR was 0.6c with a free option.

My tip this time is 0.5c with a free option and it won't be underwritten so a massive shortfall.
For newbies, last CR got 22.7m acceptances and 250.2m shares fell short. You do the maths.

M17, I love your style and wow, didn't you dodge a bullet.
You can now pick up options at 0.001 in a few weeks time as well as heads at 0.5c.

I hold options so don't get me wrong I really wish MPJ is the one but gee a long way to go.
If you only knew how many times I've seen this in speccy stocks through out the decades.
Maybe they all had the mother lode, who knows.

GLTA

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Great point Robert. Yes. Let's hope what they find is of commercial value. As a long term holder, does having the new blood on the team inspire your confidence at all? I would think that signs must have been there for a commercial grade deposit for Sarah Dowling and the Newexco team to take it on board for scrip? That is where my confidence lies. It should be an interesting few months.

MPJ Price at posting: 0.7¢ Sentiment: Buy Disclosure: Held
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Great point Robert. Yes. Let's hope what they find is of...

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