RE: BLAST OFFWhat a phenomenal day for MPE, especially when the markets are washed in a sea of red! It's great to see big volume today and sellers being taken out. There isn't much in the way of asks above .19, which could mean a huge jump especially on favourable news. There must be something substantial for the company in the near future given the trading pattern. I suppose we shall see.
There is speculation of a worldwide shortage of food and crops this year due to the colder than usual Winter in the Northern hemisphere. If so, MPE is well positioned if they can sell their fertizilier and feed at much higher prices in the coming months. On these worries, Chinese food co.'s have already made acquisitions of food production in other parts of the world (ie: Australia). Doing business in China and focusing on the agricultural sector is a win-win scenerio for MPE. It is possible a much larger corp. will buy out MPE's interests, but hopefully not anytime soon and certainly not at these levels. MPE is way undervalued IMHO given it's position and revenue potential. Compared to junior mining companies who are trading at much higher multiples hoping to hit pay dirt, MPE has established distribution channels and increasing production of it's goods. The proof will be in the revenue, but I expect by then the stock would be trading at much higher levels.
Will Jan 15 be a memorable day for MPE shareholders, as the beginning of a upswing trend. I certainly hope so. GLTA.