Mercator Minerals Ltd MLKKF

bendergarden RE: Where is the Bottom?

[jims101]

In agreement with most of what you recently wrote, but not this statement: "The real key for Mercator was that they could haul in enough cash over the next couple years to make an aquisition and expand,  since with moly prices dropping over time,and they will as supply increases,  they need to expand to grow revenue."

Buy assets, borrow, incur costs for the production of a commodity that is falling in price??

That sounds like a losing proposition...

Remember when we thought copper and moly were going to rise in price...I suppose anybody who still believes that ought to be buying ML right here...but be prepared to wait for the pay off.

Too late to sell to early to buy....hmmm????. $300 million market cap for what ML has???  Feels like it'll be quite some time before we see $10 again...One heck of alot of inflationary spending by governments is going to be required, a good junk will be wasted, a good part ought to find its way into steel production and infrastructure.

I bet we bottom sometime around US Option expiration and then slither along a  bottom until the new year has come.