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Mira Resources Corp V.MRP



TSXV:MRP - Post by User

Post by gje2on Jun 14, 2012 7:24pm
350 Views
Post# 20016083

My humble take

My humble take

They will come out with a very detailed report (costing upwards of $1M), at which time interested parties will analyze the data, and potentially make an offer. The company that has done their own ($2M) due diligence would likely be first, since they are ahead of everyone else, and others could follow. Once that process is underway (which I understand will be expedited), it will be up to shareholders whether to accept any offers, or take the field into production. Both will be on the table. One of the attractive features regardless, is that this field is closest to a state of production than anything else out there (according to Mira).

Considering the general markets for the last while, MRP has held up pretty well in my opinion. I think that is especially true considering the end of May guidance was missed. I will be watching for signs of new shares hitting the market, but I don't expect it considering the point at which we stand. Low volume days drift downwards, high volume days move up. I'm good with that for now. I'm keeping my eye on the end goal, and not getting bothered by the range trading.    

Best,  

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