GREY:MAAFF - Post by User
Post by
Brainwave1on Feb 14, 2011 1:36pm
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Post# 18130070
Not worth waiting for
Not worth waiting forLearned a lot with this stock--namely how playing long can be such a losing strategy. I'm out, as of last Friday. Down 30%. Could be worse, but live and learn. Obviously should have left earlier given the long line of negatives but thought that--management missteps, incompetence, etc--were outweighed by the intrinsic value of the project which would be realised eventually. But 3 investors in a row have kicked the tyres, were even allowed to look under the hood, and they've all walked. There is something else wrong with the project, or at least the returns are not as attractive as claimed.
The thing might still come to production, some people who invest at 10 cents in the next months may make a lot of money. But if this thing ever does get off the ground its gonna' be a long time and my energies are better spent elsewhere. Trying to figure out MAG was a constant process of second guessing and frustration. That should have sign enough to walk long ago, but sometimes you get too close to a story That is definitely what this has demonstrated.
It was a good board though, a lot of smart people and good analysis; way better info than the company ever gave us. For those sticking around I wish you well.