Because I care about young guys that have very little experience in penny stocks or just have not learnt any lessons from other junior explorer failures. If you are not young or inexperienced and you really can afford to lose a substantial amount of your investment then go for it. But please, enough about how great this Board is. It’s just nonsense.
I know it sounds like I have a beef with the company and/or directors but truthfully I don’t.
Now if existing shareholders won’t listen I hope potential ones do.
Hence why I keep posting. There is a distinct pattern here which I will post about later. I am not suggesting anything untoward is happening, it’s all within the ASX rules. It’s just what happens.
If you are not greedy my suggestion (not advice) is to look to trade M4M with a view to free carrying or close to. At least you minimise the downside risk. M4M right now looks cheap because it’s come back from an intra day high of over 5 cents but at 0.008 it’s still not cheap in reality for reasons I have stated in previous posts. It’s incredible what hype and FOMO can do to the price of a penny stock.
Think logically, at one stage the company was valued at around $150 million back in May when the share price closed at 4.3 cents on very high volume. This happened to be a few days before TK was appointed chairman as well as well as a speeding ticket so to speak.
All that had happened was that M4M purchased the rights to tenements from Mining Equities Prt Ltd (a related company of the directors and at least one top 20 shareholder)
Its all public information if you know where to look and do some real research.
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