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27/01/22
20:18
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Originally posted by Melen100:
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MNS has been subject to 4 pump and dumps over the last year and I never got sucked into one of them. We all read the paper about ASIC investigations. If your a long term holder the only thing that matters is how much money can the company make in say 5 years. If your a short term trader good luck as 80% of you will lose your fortune. Hats off if your one of the 20% I ignore Townsville as it's another one of Franks pipe dreams, as is Nachu, all announcements no substance and highly unlikely to ever amount to anything looking like making cash. MNS for years is all promises and no delivery and I understand the frustration. What they do have is a factory about to make money, when I put that in my model ( I highly recommend a spreadsheet) I do get $5 per share in 5 years at a reasonable PE but do your own work on that. That excludes whatever comes from todays announcement, it excludes possible off takes that may or may not happen. In reality if the market falls in love it will boost the price to crazy levels, if not it wont. Afterpay I valued at 40 bucks went to 140 and finally fell back to still being massivley overvalued before taken over, XRO another example of market insanity. It happens. Sure they will make almost nothing all this year and next, but I am interested in 3-5 years not what happens next week or what some idiot says about a chart or the up and down rampers on this site. I'm not suggesting MNS will follow that, but all I can see is upside and almost ZERO downside from here, I would absolutely LOVE for this to drop back down to 20 cents as what a bargain that would be, but it never will, it hasn't happend in a year and it wont unless a black swan event. It clearly passes the 50 50 rule and passes my test of is some of my money worthwhile being here or elsewhere. Anyway Did Graham or Buffet look at a day trading platform, no they also played the long game. Does MNS have potential yes. On balance, I'm more than happy to add at todays prices and I will ride this out for 5 years unless something unforseen happens. I'm an investor, not a gambler.
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Hear hear. I bought in on iM3NY/Magnis. Thought Nachu was a somewhat distant memory. As mentioned previously, if either Nachu, or iM3TV come to fruition, it’s a bonus. Currently massively undervalued (due to noise) and will soon be realised.