TSXV:MRS.H - Post by User
Post by
old_dogon Oct 03, 2020 12:26am
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Post# 31662442
Who are we ignoring
Who are we ignoringWas to the big city today...did some grocery shopping...went to a few men stores..Cabelas, Canadian Tire and Princess Auto....Food is getting cheaper than going to the mens store..YIKES. Even Costco is getting cheap in that respect. But I digress from the true story. MRS has been in a solid accumulation stage.
What the market is looking for right now is another news release and we all know that. We also know that contracts are for a year so we also know they are time based and to be completed before the end of the contract date. That being said Again they have quite a spread between the min-max. I would dare to say that the company should be announcing another award within the month of Oct. It might not be a large one but I suspect there will be one. Government agencies tend to want to gobble up as much money as they can before budgets get slammed because of un-fore-seen from big daddy. So departments are normally eager to get the deals done.
Juat as an example. In Canada departments have a budget...say 50 million....now they tend to run out and spend a decent portion as soon as the money is there. Then they do dribs and drabs through the year. At the end of the year they have 2 choices.....spend right to the last dollar and keep your budget and maybe get a little more next year....or.....spend say 75% of the budget and lose 25% off next years budget and fight year after year to get your budget increased.....So they tend to do the first option first..CCHAARRRGGGEEEEE IIIIITTTTTT....Knowing that they (government agencies) have this wide of a spread it only makes sense that they will pony up to spend as much as they can. Like I said they have the ability to do it because the contract has already been set-up for additional spending far exceding the base amount.
Since the blowout day 2 weeks ago we have seen roughly 74 million shares traded out of a 200 milliom +/- 10 million float. This is the stage that market makers start looking at the stock. People like Fabrice who has held the stock before could be scooping this up on the so called "weakness" during accumulation. just to highlight the level interest in MRS.....15.5 million dollars of trading have taken place since it spiked....that's some serious coin. So just remember that.
Relax it will get better........and Bert thank you for the kind words...your not to young yourself...so you know what I'm talking about when I say it will take a little time.
Long...stay long...it's boring while your waiting but it gets real exciting when it come back to life...it's at that stage that you say...DANG...WISH I HAD MORE!!!!!
old_dog