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Mapan Energy Ltd. V.MPG



TSXV:MPG - Post by User

Post by MartinLVon Oct 09, 2014 4:21pm
158 Views
Post# 23015998

reached support level??

reached support level??ummmm....I don'y think there is any such thing. It has already gone from 2.52 to under 1.40
Personally, I am waiting for 80cents and it appears I may not have a long wait.
The problem then is that the market cap will be halved and they may very well do a rights issue which will dilute the shares etc.
Followed it closely for several months now and seems like a possible value play but I don't want to get into the value 'trap either".
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