GREY:MLKKF - Post by User
Comment by
Ahsanon Nov 10, 2011 8:48am
466 Views
Post# 19225533
RE: try posting again
RE: try posting againman the news is ok. is nothing significant. 335 million NPV is not something that big of a deal. I mean its not a new company that is just starting up. its been around for sometime. I am pretty sure that the market has already priced the NPV. the most important thing however in the news is this sentence:
"With a short construction time frame and 100% ownership of the project, we can control the timing of this project to meet market conditions. Meanwhile, we continue to prudently seek financing alternatives to ensure we realize the most value from El Pilar for our shareholders."
financing alternatives. with these ppl it means PP coming. I really dont think PP is going to be higher than 1.75. most likely 1.50 - 1.75. not worth buying until the PP is announced at least. be very careful. sell at any strength. copper is down and I really really dont think the quarter is going to be any good either. ml has a very bad reputation with quarter results. they always disappoint the market with the quarter. if u took a beating yesterday or if u manage to get shares at 1.71 just before close sell at anything above 1.75. Do not hesitate.