RE:RE:This is finish for investors who supra48 wrote: ElectricFuneral wrote:
would like an easy 4/5 baggers. Peter Marrone got out before appearing in the Sedar bankruptcy list for 10 years, if an agreement wasn't conclude with the potential buyers. Really smell bad. It's not a competitor that wants to buy, but a investment fund. That says it all.... The eggs are cook. For the beginners in the penny stock, I will say that. The longer it takes to find a buyer, the worst it is. This as been going on for more than 6 months. The new delay will bleed the last drop and the bridge loan, dig deeper MBC into an obligation to sign with the investment fund. The bridge is at 15% interest, not 10 or 12.... These funds never want to lose, so they gave themselves excessive security in their betting. This one will be diluted with an extra 500 Millions shares. Remember that number, I won't be far. So, for those who taught this could go for .20, it will plunge to .06 if everything goes well. Plus, the delay it will take to put this one back on track will be so long ( January, February), because the fund will own 500 Millions shares from a $25 millions financing at .05 and they will wait until everything has settle. You'll receive a prospectus in September, a vote in October, the result, silence until November.... I won't advise every day. I ain't a basher, only a old investor in MBC, that knew it in February. If you want to see a great example of what investment fund does with struggling companies, go see MWE and you'll be scared. Galena stole the company from previous management and shareholders for $40 millions. They now own 80% of the company and since the deal was done 4/5 months ago, it's total silence. Maybe 2 useless NR. Newbies, take care.
I don't share your comparison E.Funeral Mawson West is Copper the commodity that is headed to $2.00 then $1.75 and lower possibly. If you are comparing apples to dragon fruit then maybe but until then give a phosphate company with a built mine and two other 100% owned properties. Many copper juniors not so many Mbac's.
Supra, your probably right about the comparison. But the rest is 90% sure. Wait and see. Between 600M and 800M shares. Plus, what is the fertilizer price these days? I haven't follow. Is it still around $200/per tonnes. If so, not that good either. Take care, I know you got rich from .015 to what? .10/.12/.16 how long did you hold on the 11 baggers rise?