Mega Precious Metals Inc MPRXF

RE: RE: RE: RE: RE: RE: RE: Here is my take

[hrattle]

Do the math wise guy, and lets see what you get.

I didn't comment on your comparison until requested by you to do so. My comment was that it is irrelevant, not because of the numbers, but because you are not looking at what is driving the share price right now.

The maths are that MGP hit 74 cents immediately before the new resource estimate at MB. Today they are priced at 59 cents. A 20% drop. This coupled with MGP announcing an upto 26% dilution at 61 cents and 77 cents FT.

As you brought up apples and oranges. How do you like them apples?

MB numbers are important, as are other fundamentals - they should limit the downside. My speculation is 54 cents but with a chance to drop below 50 cents - another 10-20% drop - I don't think I am bashing the company. It wasn't me who forced the share price down by issuing new shares at a 12% discount. And it isn't me selling now - I have no position in MGP because I have been warning investors here of this PP for weeks. This is how the market typically reacts to news like that. But you can keep fighting the market if you want - there should be plenty of sellers happy to take your money - more news could change this and you could get lucky as sometimes a company bucks the trend. I like the MGP story that is why I have and probably will again invest in MGP and I expect the shareprice to turn positive sometime in the future but for me it will have to be from a lower entry point.