MFE 0.00% 1.0¢ magnetite mines limited

roy management needs a boot to china, page-23

  1. 350 Posts.
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    hi mongrel,

    you phone the company u get to Jaxson as media,
    sold 300k shares are at 18c stock when richardson resigned as show of confidence lost still have 1100k stock now 7.5-8c, wish i had sold all at the price, I really should have diversified more nearly had $650k at market value in the company at one stage i am
    actually a seed investor i kinda know the stock,
    project is great, bleed is not. Still the focus is right getting a partner and i accept that. Shine in production shortly.... Its not about me or vertical events(explorer of the year) its about the project Frank Demarte is not a success in KPI but thats insignificant compared to the future and a partner. Just give your imput in what Frank has done for the company so then I am more enlightned, I don't have any problem in saying I am wrong. But really its meaningless.
    I would rather concentrate on the virtues than debate about loses i have incurred for having such faith in the company. $650,000 in a company was my mistake in not taking profits of the table. The real focus is about how best to sell equity stake to fund the project.
 
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