TSXV:MRS.H - Post by User
Comment by
TheRevenant2016on Dec 02, 2017 12:10pm
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Post# 27077763
RE:RE:RE:LOCK AWAY YOUR SHARES - GOING TO $ 3 QUICKLY
RE:RE:RE:LOCK AWAY YOUR SHARES - GOING TO $ 3 QUICKLY
Coal...here is my call. WHich I don't like to participate in but since its the weekend?
Your assertion is salient in that it coulod be the biggest flyer on the venture exchange.
However there are some things to consider.
110million O/S. Large public float. Small Institutional ownership. Fidelity Funds Canada have
a few million shares of MRS in their managed funds. That currently is the only one I am aware of.
After the PO is made public I expect that to turn. Contrary to what I had heard earlier I am not aware of McWhirter ever purchased shares tho I do believe he has spoken on them publicly in RobTV QandA fund manager session.
What does that mean as an effect on valuations?\
Well just look at the volume since Thursdays Update...we churn thru a ton of shares a TSE or TSX as a consistent "volume leader" whenever news is announced since Sept 2017
Means this thing is being traded the cra_ out of by many.
Some posters who profess to be "longs" who in effect are "as long as the trend continues"
momentum traders who rent stocks vs own them.
You can see it in the numerous new posters to come to the thread and there will be more
...many more after next weeks trading and conference call and what i expect to be
the release of material news ahead of the conference call cuz they are not hosting
a CC to discuss their "update" of Thursday where they announced an initial
shipment to the country of Tunisia regarding armored plate carriers I think it was for
live warfighter considerations in their own military and security depts and IMO
will move to a much larger order moving forward. (no one should discount
that the Dist Agreement of Sept 6th is with Tunisia only for Flex9Armor and
NoContactShield Technology-altho i am sticking with my earlier statement
that the 5yr Dist deal is with the country of EGYPT).
I expect MRS will hit .45 to .50 possibly and probably before weeks end intraday at some point ahead of the CC on thursday. I expect profit taking in the morning up till 11am on friday the day after regardless of what is communicated as positional traders trade out. then the valuations to recover into 11am onwards trading as what ever is released as news next week is assimiliated and whatever the outlook going forward is communicated from MRS at the CC and whatever elaboaration they provide in their dialogue to investors in the CC as to current events that have unfolded and made public.
We will also to churn thru .50 warrants which I believe won't get exercised till around the .60 per share valuations. There exists a very very strong possibility
that predicting where this will run to the upside is foolhearty.
Case in point V. RHT chart is anyone want to take a look at what can happen here.
So your assumption that this could be the highest gainer on the TSX Venture GOING FORWARD should MRS's que be as robbust not just as they are communicating is the case but as to what they are not communicating will be the case?
Is correct.
Infact its one of the biggest TSX gainers currently for the calendar year 2017 already.
1day 6.78%
1mth 61.54%
3mth 472.73%
6mth 350.00%
1yr 250.00%
2yr 112.13%
..and final month of Dec 2017 only began Friday.
coalnow2 wrote: It may or may not be true. No one knows until it is made official.
If if all is true the run here may be insane. Could see or could be the biggest flyer on the venture