MAT 10.5% 3.4¢ matsa resources limited

Ann: High Nickel Values Confirmed at Symons Hill , page-89

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  1. 6,689 Posts.
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    re: Ann: High Nickel Values Confirmed at Symo... tcf,

    I won't be putting you on ignore as I have never done that to anyone. I can understand your impatience but you come across as you know enough about the game to also know that news doesn't flow as fast as we would like.

    If MAT does find a large deposit of Nickel in the Fraser Range then we are all going to make a lot of money. I don't believe that we will know for certain for at least 6 months. The first, second, third holes etc could all be duds but the last may hit the mother lode.

    Those that can afford will wait it out until the end. If you are one that wants to ride it out then a lower price presents an opportunity to increase the risk/reward.

    MAT has plenty of funds for drilling the Fraser Range tenements to the fullest and that is what they have said they intend to do. This is all we need to know. If that strategy changes then yes, we should be informed.

    In the interim, the week by week progress is only for the short term traders. No news doesn't necessarily mean that there is bad news coming and even if is was, the long termers will be disappointed, accept as is, and look forward to the next news until it is conclusive that we have hit the big one or not.

    I hope you don't mind me saying but your views come across as you believe that no news is always negative news and that has annoyed some recent posters. MAT management know what they have to do, permits, geotechnical planning, EM surveys, drilling etc. That's why we bought shares in the company and let's not forget that MAT has the same geolgists as SIR had.

    We could hit the big one next week, but it is more likely to take many more months. Most posters know that and you don't have to remind them more than once.

    How you post is up to you.
 
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