The bottom for MDRappears to have been hit in the $.75 range. I am still quite SHOCKED at this massive move to the downside, but you guessed it ............................... I am optimistic that there are great days ahead.
MDR's meltdown is far from uncommon, the carnage in the junior resource market is catastrophic, story after story, example after example ..................... take your pick, there are plenty.
In the meantime, MDR's story or should I say saga, will really get interesting when Rio Grande gets spun out and Lindero goes free trading. The prefeasibility report may very well prove to be the fast ticket towards the cash (or share) buyout from a gold resource hungry mid to large cap gold producer. Lindero will be an interesting takeout target, especially with a higher gold price.
As for the price of gold? I have seen and read a fair number of articles (including technical charts) which have come to the conclusion that gold is at or is near the BOTTOM. My own analysis concurs with that opinion.
Keeping the faith, SL
PS: I urge you to check out the following movie trailer and you may come to the same conclusion I have come to ..................... GOT GOLD??
www.iousathemovie.com