MNE 5.26% 3.6¢ metallum limited

something wrong, page-43

  1. 1,960 Posts.
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    i have been following the markets for 15+ years. have seen a lot, nearly wiped out in the GFC but recovered largely thanks to lady luck.

    what i can say is that from what i have seen, $5 to $6 million market caps for publically listed company's normally are explorers with no proven assets at all, certainly not company's professing to be imminently producing from 3 mines.

    stocks in the 1c to 2c range, explorers etc, imho are "throw at the stump" punts, little better than a flutter on the pokies or a bet on the races. most people i know consider them just a joke really. very few are priced so cheaply without a good reason, the market is not stupid.

    good luck to all the loyal holders of mne.
 
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