RE: Looks like MDR is ready to break $1.20 soonI read the message from that Nigel89 chap, has a few points but most of the text is a bunch of crap. To talk about this stock's recovery from the 2008 lows is like talking about how much warmer it is in Winnipeg in July than it it is in January, it means nothing and we all know the obvious. Seems to me you neglect to mention the plunge from Dec 31, 2007 to the lows of 2008, an absolute freefall that's is starting to look strangly similar to the 2011 chart below.
I neglected to mention it because I didn't buy in Dec 2007. As I said, I bought the .40c pp in 2005, I also bought both PMA and MDR in 2008. Hard to point the finger at Mansfield for poor 2008 performance when you have a global meltdown and companies like Teck go from $52 to $3 in the matter of months.
What about the shareholders? Who speaks for them?
I'm not looking for anyone to hold my hand LOLWTF -- if you need someone to hold yours maybe you should stick to real estate and walk around with your slick realtor. The shareholders should speak for themselves. I made money on White Knight, and my average on both PMA/MDR is lower than low -- so I know why I'm in these two plays. I also know Gord and Mike quite well, and think they are a very good group with a track record of making shareholders money. I think it would be extremely foolish to invest in a company if I didn't like management.....who would do that??
Anyway, if it gets to .85c I probably won't buy....I hate to average up so much. You'll be down 37% with a management team you can't stand....what will you do??
Good luck longs! It's a bear mkt, and we are not swimming against the tide right now....along with 99% of the other juniors out there. However, we are seriously de-risked and putting all the delays aside, we've only had the permit for about a month.