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33.0¢ mma offshore limited

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danginvestor

550 Posts.

06/12/16

21:47

Post #: 21151889
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Originally posted by croasian ↑

Nah I smash through blackberries, there's nothing in NZ that can hurt you. A few cuts and tanking share prices bother me not. Everything I buy immediately falls by 50%, I check my notes and back up the truck often (not always).
I am worried about MRM going bankrupt because it has to pay debt before Xmas and doesn't have the cash or any convincing plan to come up with it. A poisonous and potentially lethal snake not just a few thorns which I would shrug off.
Not much cash right just a little, it's so close to OK that it's very frustrating.
Therefore to me on the basis of known information MRM reflects a reasonable speculative position. Will the price be higher or lower in 3 months is anyone's guess. Should people speculate on its survival - yes because they are assisting it to survive and the gains will be multiples of the present price if it pays off.
Theres no black and white line either (we are a bit like Chomsky and Foucault arguing about anarchism both generally correct - the distinction is important) but rather than giving analogies perhaps provide an argument on why there is no snake in the blackberries and I am just jumping at shadows.
Is it impossible to get a bargain because all the known information is priced into stocks - I am betting $400,000 that this isn't the case. 18 months ago I started out with $260,000 so I consider this a satisfactory return in things I understand to have little risk and therefore an investment operation.
The tide has been against me so far but I am feeling it start to turn.
I don't have to bet on anything where there are issues with the banks. That's just about the only thing that scares me.
I will push the boundary but MRM is abridge too far for me personally - I would not presume to advise others. Waiting with baited breath for an announcement here.

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Perhaps a certain cynical investor thought it unwise to drum up the pro arguments when they're looking to load up some more.

MRM Price at posting: 27.0¢ Sentiment: Hold Disclosure: Held
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Time to off-load this Mermaid, page-43

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