I use the methods outlined in the above report; I look for these Value based chances where price has completely uncoupled from Value and use things like Peer Comparison and so on.
We can see how the Method in the Equity Report allows for a Long-term horizon to guide the Management and how I made my halfway prediction months in advance. BBR failed to crack .70 because it did not have enough numbers of holders. It could take 2 more goes or even 4 or 5 times more at .70 in my opinion.
The Management tell us allot about how they are trying to achieve the Key Investment Drivers. Their Structure tells us allot as well in my opinion.
Looking at MRF's Management Range of $1.20 to $2.80 depending on the news flow is using the same methods as the above report as well as Drivers that are better formed now then when this report was formed. I am thinking of starting a Crack .60 thread for MRF ! Giving all the Peer Comparison Data and so on ! LOL
Obviously cracking the .14 glass ceiling will be significant for MRF to do first in my opinion.
In this market of bubbles and inefficiencies it is amazing how fast and how far it does when it goes!
Still I have allot to learn about TA and have found it very interesting learning from your posts.
Even though it is not, as I said, a Key Investment Driverit is like sneaking a peek through the window. I keep coming back to be updated by the DATA !!!
Your post is exactly right Herc; I can see how it can be a short-termer edge.
MY TA prediction is a cup and handle because the long-termers compound these pull backs. What do you think of my prediction?
Production is coming and news flow before production!
Also there is a number of dormant Mines in Sri Lanka; after MRF's historic news and factoring in Sri Lanka's Graphene focus/priority and the information praising MRF last year by the government because of its commitment to compliance; security; training; and the environment amongst other things.
I would not be surprised; with this historic news in tow; that MRF can go into talks with USA/China Investors about a Graphene Facility; Dormant Mines reopening under the MRF banner and so forth. This is pure deduction but it is based on Mining Best Practices and logical decision making.
Originally I was all for aggressive exploration this year; now I think they can get more mines like they got from last year that can be rebuilt and go into production.
Capital management and structure is essential here in my opinion. The overlapping of Sovereign Capital (USA/China) that I have started writing about is going to focus on MRF because they also will be taking apart MRF's Capital Structure and so on.
That little edge you speak of Herc is very interesting though isn't it.
I think heavy buyers are wanting to see a true breakout at .14 by at least 6% or so.
Do you use Broker Data to establish true breakouts from fake outs?