GREY:MHGPF - Post by User
Comment by
Caribbeanmanon Mar 13, 2014 9:54pm
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Post# 22321127
RE:RE:resistance soon gone!
RE:RE:resistance soon gone!Mahdia has an extremely poor bid to ask ratio.
The total cash value of the bids is about $6,000. There's 179,000 in asks at 8 cents or lower and not enough total bids to cover that. Forget about walls. You need bids to overcome walls and I see none. I thought about putting in a bid at .03 cents but thought better of it because not sure I'd want the stock if it went that low.
I agree Hawkeye on the news thing. The other issue is they've said that production news will come out with the financials in April. Well that period ends on February 28th, about the same time as they showed the pictures of the gold and announced how much gold they produced. If anything I think the financials will drive demand down because all it will show is the added burden of start up costs.
I'd love to share the optomism about clear sailing to 35 cents and onwards to $5.00, but I haven't smoked any pot for almost 30 years now.