OTCPK:MSSNF - Post by User
Post by
demarkoon Nov 22, 2009 11:42pm
395 Views
Post# 16512988
GOLD BREAKS $1160--MNR 11 CENTS
GOLD BREAKS $1160--MNR 11 CENTS
I hope this week MNR can post some news, any news would be a breath of fresh air.
I still have a gut feeling MNR will not be around much longer. Meaning a buyout is coming, not a JV. Reason is, no news, doors are shut, IR is shut. Pete's is flying like a Turkey.
I have been following some gold juniors that are just now announcing they are starting to drill with ZERO proven or indicated they are sitting higher than MNR. SO WHY?WHY?
With no IR or promo we will keep sitting at this level until we get bought out for peanuts, my guess is 50-75c range. Insider buying proved nothing, and neither did the big buyout of Fronteer https://www.alamosgold.com/News/PressReleases/PressReleaseDetails/2009/AlamosGoldInctoAcquireAgiDagiandKirazliGoldProjectsinNorthwesternTurkey1335027/default.aspx
They hoped that would of given MNR some exposure, but who knows about MNR, nobody.
I spilled the old beans to some very interested parties about 2 weeks ago, these parties are no small drop in the bucket. Funny thing is they have not even heard of MNR. First question is " something is wrong with the share price at 13cents." who is doing there IR, promo? They were very impressed with the resource to say the least, but warned me that with no real PROMO, your company will never succeed with a strong S/P.
With now 2.5 mill in the bank and Pete's heavy 30K a mnth salary and other expenses, we could see a high burn rate of having to raise money sooner than we think.
Lets keep pressing management for any news this week, call, call, call.