Waiting for a drill programThe lack of liquidity is killing us right now. No one can build a new position without making the price double. To get people to jump in, we need to hear a definite plan to put some holes in SAN Roque.
I think that will bring some guys in and force the price up a bit and increase liquidity because some longs will be willing to part with portions of their shares by that time. Once we get enough new blood in, things will be cleared for takeoff. I’m not talking fortunes, but I think 30-40 cents would be very reasonable prior to drill results. For the longs here, you know that MFM has always traded tightly and sometimes the upswings have been very quick.
Matt, thanks for commenting about the Lithium. With a little traction, we can remind the market that Marifil is not a one-trick pony. If lithium, limestone, SAN Roque, etc can get back in the conversation, we certainly can get the idea of a share price over a buck or two back as a real possibility. This will obviously take a lot of time and work, but it’s not crazy. Back when there was actually something to talk about on this board, we pieced together many sensible arguments for the company being worth hundreds of millions in the future. Of course, potash was a big chunk of that potential value.
To me, new management needs to prove that they aren’t here to make a quick buck on the first few placements. The next raise has to be on better terms for shareholders and they need to find ways to use the cash to build real value and generate excitement. It’s been a very long hibernation. Only a few of us stuck around. I used the entire trip to the bottom to build a position. I got diluted hard, but still have way more than I should. I feel like I’m a few months away from finding out if my gamble paid off, or if I wasted 12 years of my life with this company. Good luck to everyone. Hopefully we get some more things to talk about soon.