OTCPK:MEAOD - Post by User
Comment by
Quixoticaon Jul 28, 2010 12:11am
473 Views
Post# 17302152
RE: SOME INFORMATION
RE: SOME INFORMATIONHi Marc. Losing faith? Never! I have seen this happen before so many times that it just proves the day trader right on the short term and me right on the long term. I don't like the drop in shareprice but the reality is that the whole kit & kaboodle of mining stocks is suffering right now. MTO being no exception.
MTO is a diamond in the rough. They have so many positive aspects to their projects that it is only a matter of time before the market takes note and raises the value. IT WILL HAPPEN as sure as the sun will rise in the morning.
I also agree with the comment made about the flow through PP. It could be another producer who wishes to establish a toehold. Not that I am advocating share dilution, nor do I like it, but another positive spin that can be derived from the expansion of the share base is that once enough BIG GUNS get on board then, at one point or another, they will move the share price north in unison. I witnessed exactly the same with SGR. A repeat can be expected here at MTO.
So all in all I am not losing one iota of faith and stand by MTO and would be ready to help them in any way possible - even if it is nothing more than offering some encouraging words on this bulletin board.
I am glad you offered a relevant link to any other shareholders here who have been wondering of late. As of yet I have not followed your link but will do so after completing my "2 cents" post here.
To any of those shareholders who are feeling anxious because the shareprice is below what you paid then just remember that this is a common occurence and happens regularly to these types of stocks. The main thing to remember is that MTO is a great little company and WILL have its day in the sun. So sit tight and BE RIGHT.
Continue to read the logical and relevant posts on this board (there are many good posters here and some kooks - you can make the distinction) and dismiss the constant badgering or endless critiques of management (Keep in mind that just about every bloody timeline is missed by every bloody mining company. Mining is slow and complex and thus has a tendency of causing all kinds of delays. That is the nature of the beast.) Management is doing the best they can and WILL succeed - their interests are entirely aligned with yours. Management may have issued themselves loads of options but you find a truly minute number of share dispositions - this is a great sign. Maintain your position with conviction and discipline and if you have the guts or ambition then, by all means, add some shares to your current holdings. In the long run you will be glad you did. I am currently fully invested in MTO but would add to my stake if I could rustle up a few bucks.
All the best to all serious shareholders,
Q