Mira Resources Corp V.MRP

Be patient MRP will go up...

[AnikResources]

The following is Johnathan More investment since late August of 2011. I am pretty sure he knows which direction his investment...or should I say...this stock is heading! 

Feb 24/12 More, Johnathan aquired 1,500 public market shares.

Feb 02/12 More, Johnathan aquired 125,000 public market shares.

Jan 13/12 More, Johnathan aquired 500,000 convertible debentures

Jan 03/12 More, Johnathan aquired 50,000 public market shares.

Dec 23/11 More, Johnathan aquired 50,000 public market shares.

Dec 15/11 More, Johnathan aquired 10,000 public market shares.

Dec 07/11 More, Johnathan aquired 355,500 public market shares.

Oct 25/11 More, Johnathan aquired 60,000 public market shares.

Sep 29/11 More, Johnathan aquired 345,000 public market shares.

Sep 28/11 More, Johnathan aquired 5,000 public market shares.

Aug 31/11 More, Johnathan aquired 200,000 public market shares.

Aug 30/11 More, Johnathan aquired 170,000 public market shares.

Other transactions since late August 2011

 Feb 16/12 Asibelua, Mohammed 7,500,000 common shares

Feb 16/12 Asibelua, Mohammed 3,750,000 warrants

Jan 16/11 Asibelua, Mohammed 1,020,092 convertible debentures (Indirect)

Jan 16/11 Driver, Cyrus 250,000 convertible debentures (direct)

Sep 20/11 Cavanah, Thomas 500,00 Grant of Options
.400

[nwoboy]

Thanks for the encouraging info and post today.  All the best with your investing!

[photoman]

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[GloriousWanda]

That step was supposed to be in January...these guys have no clue how to properly market a company. I love the asset, dislike the company.   I would prefer it in someone else's hands.

[AnikResources]

I understand...Unfortunately we have no control behind the scene and that is very uncomfortable when our money is in someone else’s hand...but if there is a positive look...it is certainly the fact that Insiders have recently purchased shares in abundance and that the core truth of the Corporate world of greed is to make money...I do have to give Johnathan More the benefit of the doubt

[GloriousWanda]

So did the ex-CEO of Manulife...how'd that work out for him? Agree on the surface of your point, but that is by no means a guarantee. Many factors to consider before calling this a "Given".   ShyWest was up for sale in the same manner when they were at .70. They eventually were involved in a "take-under" at .20 or so.

[photoman]

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[GloriousWanda]

photoman moron since Sept.16 1975. Whats you point? Ask me what  you want to know about this company and i will answer....try me.

[bogeyfree]

Hey Glorious! Where do you see this company in a month from now? Thanks!

[GloriousWanda]

Obviously it is tough to say, as this is my opinion. Problem is we need to deal in facts... Opinion - one month from now stock is higher. All (most) signs point to that. We need the TSB report to know what is really there. Fact - TSB report is over a month late. Opinion - I think there is alot more reserves there than first indicated...I wont throw out numbers but my guess is its higher than

[bogeyfree]

Thanks Glorious, very interesting to read, you bring very good points! P.S. Not gonna grade your report either since this isn't high school but you can start sending invitations to the prom! :)

[photoman]

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[GloriousWanda]

Not really concerned with yours or anyone else's average price as I imagine you ae not concerned with mine. It is a pointless discussion in my opinion. And I have developed Zero oil fields in Nigeria to be clear.   I am not in this for the short term and think this is a tremendous asset I just have concerns whether these are the right guys to get full value. I am hoping to be proven wrong

[photoman]

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[GloriousWanda]

I have, I am not that nieve, As I said twice before they told me before it would be January, so how am I to belive them now? I came to this forum to see what sentiment is out there for this one. Realistically that will tell me what the 'public' thinks of this and what value can/may be extracted from this resource. I just want the details so I can run my numbers and then make an investment

[goldennugget24]

Wanda, could you please include my average price in your numbers, pleeeeeze.  Thank you!

[GloriousWanda]

For anyone wanting to answer...   What will you do if the share price goes to .22 cents in the next week and no TSB update?    Nugget you got it I will include yours!

[photoman]

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[goldennugget24]

Thanks Wanda!   :)   .22?  Ouch, that would wipe out my gains and would hurt, but I would hold. 

[photoman]

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[GloriousWanda]

Ouch is right, but should be prepared for that.   Quick calculation lets say 20 mill resourse at TSB x $10/bbl x 48% interest/200 mill OS = .48/sh for TSB.   Any comments on my calculation are welcomed. I think we are over 20 mill BTW, but I use conservative numbers.

[goldennugget24]

I like your numbers.  Added more at .265.  Wanda, are you playing MMT?

[GloriousWanda]

No sorry, I actually am never well diversified, I do a tremendous amount of due dilligence on my select names.   I always own 1 spec, 2 mid caps and 3 blue chips. Just a personal strategy, it helps me focus and kick some names out if I find a better replacement.   I would only look at it after exiting MRP.

[Kamooz]

What do you like in MRP?

[amen11]

news release states that there is an increase of almost 500% in oil reservoir from 1980 drill results.  i'm guessing that the well will be over 30 mil  .  Never in the history of juniors has any report been done on time...Schlumberger is doing models on the zones and "supposedly" getting the info to the engineering firm doing the 51 101 and the interested party

[mazinga]

amem11, where did you find the news release stating almost 500% increase in oil reservoir? Can you post the link if you can? thanks

[GloriousWanda]

In short...I like:   - the asset and its value vrs. comparables like Addax - the upside potential (outweighs downside) - I like Mohammeds involvement (very strategic) - I like the insider positions - I also like photomans avg. cost per share  

[photoman]

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[GloriousWanda]

Buying is 10% of the game, selling is 90% of the game. I rarely make bad buys, just bad sells.

[photoman]

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