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Bullboard - Stock Discussion Forum Mega Precious Metals Inc MPRXF

GREY:MPRXF - Post Discussion

Mega Precious Metals Inc > Share price in trouble?
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Post by GeneralLabour on Mar 07, 2012 4:44pm

Share price in trouble?

It dont beleive that it is in trouble in the LR, currently due to the massive dilution which came at the price of a lot of investors. We do have very mineable land, the problem now is finalizing the picture.

Compared to many other mining juniors MGP is doing great in terms of ozs and g/t. It has also proven to be very transparent, along with this we have a great deal of institutional investment. To me personally MGP looks like the new GCU before it reached $2. However the fact that MGP has also proven to be a dilution trap is another issue which is very damaging to our SP.
Comment by hope21 on Mar 07, 2012 5:02pm
This dilution trap is only short term caused mainly be heavy shorting done by the market. Mega has the potential that could burn through this dilution story. When you have dilution without increased resources than you can say this a bad dilution which is not the case at all of Mega because has been finding gold. Once Mega comes out with future drill results ...more  
Comment by GeneralLabour on Mar 07, 2012 5:21pm
Im doubting that theres actully a force such as the "shorties" holding us back. Dilution was casued becasue our company created a huge PP right after "so-so" drill results on a property that no one is yet interested in buying, and our CEO claims that he isnt all that interested in Mega mining it.  I doubt that theres paid bashers or pumpers on this board, it is more ...more  
Comment by hrattle on Mar 07, 2012 6:36pm
Cognitive dissonance is a hard thing to overcome... Very interesting, how does that work? I see it as self-perception (self-deception?) i.e. buying shares forces you to be a pumper-type despite the obvious signs of trouble in paradise and of course once you sell you become a basher-type. hope21 is right in that the dilution trap once sprung may dissipate (but the garbage about shorts and bashers ...more  
Comment by GeneralLabour on Mar 07, 2012 7:20pm
You must understand that the sole reason for anyone to post on this board is to help themselves. Otherwise it is just a waste of time to contstantly follow a board post on it all just for the heck of it. You also have motives behind your posts just as do I and just as does 3P and everyones else, it is childish to think that you are just posting for the sake of  posting, pouring time ...more  
Comment by hrattle on Mar 08, 2012 9:21am
...the sole reason for anyone to post on this board is to help themselves. Yes I agree - but you don't mean that everyone is prepared to lie to get what they want. I mostly post to sound out ideas - sure I will make a point forcefully but I encourage anyone to constructively critique it. I find many useful posts (many more useless it is true) and many posters who provide info and perspective ...more  
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