Post by
Super_Cycle on Apr 20, 2016 2:55am
Valuation
After halting at the equivilent of approx $2.50 MTE reopened in it's new form at about $1.50 in the midst of the crude collapse. Given the current state of the junior resource markets, the quality of the company, and the backers you can reasonably look at $0.50+ as an attainable level for the share price in the near term IMO. And perhaps a financing at $.50 to reload some of the bigger players??
Going forward we can hopefully look to fundamental company developments to drive the market.
More hopefully, the company will actually start to communicate the story to the broader market. They have done a pathetic job of communicating to date, but this might be simply because it's basically an institutional play.
Even with some dollar cost averaging at .20 I have a ways to go before hitting even. This has been a trying investment to say the least.
Cheers all. It looks like we're finally at the beginning. :)
Comment by
Super_Cycle on Apr 28, 2016 4:04pm
WoW! Maybe they plan on financing at $1.00 For anyone new to MTE - do some due dilligence and see who the financial backers are, it's worth the effort.