RE:RE:RE:I have a contrarian viewMy view is somewhat different than yours but it is only an opinion.
I am in at a cent just like I posted and I am on the bid for more @.01 . I will take a million more @.01 no problem. I might even take some @.015 if I see the stars start to line up,so to speak. OK, I fibbed a little , I got excited when IRI started to move and paid .02 for 40,000 but the rest is at .01 honest!!! So my average is slighty over .01
If MLY does make the Hong Kong deal then their upside is expodential for stock price. In the dollars at some point I would guess. The 9 mill shares IRI has will up it's stock price on the MLY success regardless if the company does or does not not make a huge deal the following month.
If you think MLY will fail and copper will not enter a bull market for ten years then of course don't buy this stock. Also no debt, no salaries and a couple hundred grand in bank makes it even riskier.
If you think going from.01 to even .05 or .06 cents is impossible, then again, don't buy. 5 times your money is nothing only a fool would go for less then a 10 x gain? Myself I will hope the stock will again hit .05 or .06 cents like it has already done twice in the last 6 months and maybe take most of my intial investment off the table or ?
Anyways these penny stocks are without doubt risky and not for everyone. Take care and good trading for you. :)
PS
I have a little MLY and am waiting for the right moment to buy more, me be a thinking. Yes there is a chance (IRI) the darn thing stays as dead as a doornail for a few years but I am rolling the dice on this one as I like the odds.