GREY:MLKKF - Post by User
Comment by
ElJon May 11, 2009 11:37am
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Post# 15983382
RE: Points to remember......mzsmith
RE: Points to remember......mzsmithmzsmith....Most of your 9 observation points I fully agree with, but I caution on your point 8 where you wrote.....
"We are still down 85% from the year high.... 85% and that high came before we had a functioning mine. Think about it... 85% down from the high".......
There have been two significant equity issues since that time by Mercator and the resulting dilution relative to the financial structure at the time of year 2009 share price high, needs to be taken into accoun(74.8 million shares O/S and 85.9 million f.d in Q2, 2009 compared to current 138.6 million and 167.3 million f.d respectively at this time).
I add an additional note of positive perspective to your point 6 where you stated that "Moly is starting to turn the corner"....... I anticipate that Moly commodity price will actually become a bigger revenue driver than copper for Mercator during 2010,
Peace,
Good Decision-making to All,
ElJ