GREY:MLKKF - Post by User
Post by
bjorn3d2bon Apr 13, 2009 11:56am
385 Views
Post# 15913435
Why So Surprised?
Why So Surprised?The fundamentals of this mine have always been sound. When the price of copper and moly collapsed the sp price followed and with the fear of debt on everyone's mind the sp was radically discounted leaving an unbelievably stupid valuation in the 30 cent range. The stock has always been worth vastly more but fear won the day.
Today the stock remains vastly undervalued and as for the measly $110 million debt? It will be payed out have no fear!
Mr. market gave many of us an opportunity of a life time to buy hundreds of thousands of shares for practically nothing and we will make millions. The share price goes much higher and at $1.38 that opportunity of a life time still exists.
Enjoy but don't be surprised by the obvious.