I have never been longerI am glad I picked up lots of shares at many different levels (including recently in the $.34 range). Consequently, I find myself with the most MDR shares I have ever owned.
Why add shares to my portfolio of a company with a SP that was completely shredded?
Bottom line: I continue to feel (strongly) this stock will be taken out at a level that is many multiples to the current SP.
I am the first to admit this has been a frustrating and at times outright depressing journey. Afterall, the rather quick plummet from the $3.00 or so range to around $.20 was a virtual freefall, the kind of nightmare every junior mining stockholder can never fully prepare for. I thought the trip from $5.00 to $3.00 was rough enough, but ouch, the second phase was even worse.
It now appears we are close to entering the most important phase of this journey ............ the takeout phase. With bullion continuing to firm very nicely and with many mid-tier and large cap gold producers likely looking to restock their gold property inventories, I suspect MDR will prove to be a VERY worthy candidate.
How soon? 6 months? a year? 18 months? Your guess is as good as mine but between you and me, I'd say within 6 months.
I will keep the rah, rah, rah to a minimum, that cheerleader stuff is better left to the pros, you know, the ones that wander the sidelines of a Dallas Cowboy game.
Keeping the faith, your bud, SL