Despite the long wait I am confident that MHL will come up with the goods. We may have forgotten that end of 2009 Cape Lambert took up a 10% stake in MHL for .4 cents which is what MHL closed at prior to suspension. I doubt that Cape Lambert would have gone into MHL only to break even with their investment a year later. Cape Lambert have made some excellent deals such as the purchase and sale of lady Annie (ex Copperco Owned)and DMC Mining.
We just came out of the holiday season with Christmas and New Year. Many companies were shut during this period and delays are expected. True the company failed to properly inform the shareholders of the delays but I'm a believer they will come out of suspension with good news.
MHL Price at posting:
0.4¢ Sentiment: Hold Disclosure: Held