GREY:MLKKF - Post by User
Post by
godisgr81on Jun 09, 2010 6:52pm
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Post# 17174941
Reflection on ML
Reflection on MLGuys, let's not be too harsh on ML just yet. I respect Longonzinc's comments and his contributions to this board. He definitely has a point but this is a Tier 2 mining company and shouldn't be judged as a Tier 1. At least not until Phase 2 is up and running. Before the meeting with Mike Surratt, I didn't have much expectations but after the meeting both Justin and I were pleasantly surprised by Mike's candor and his view of the company going forward. As he reiterated that the worst is behind us and that we are well on our way to becoming a very profitable entity. I still think that we are going to be rewarded in our Q2 report and soon the large institutions will support a realistic sp.
I strongly believe that if you have the risk appetite to purchase stocks and warrants at current levels, you will be rewarded in the next six to twelve months. As noted by many ceo during the RBC conference such as Teck, Sherritt, Agrium and other tier one miners, that they see no evidence of shrinking demand as was in late 2008 but rather a robust business coming from China. Teck CEO states that currently the loading docks are full of Cape and Handymax vessels ready to take shipments to China. It was a total opposite in late 2008, no ships at the docks period.