MPJ 0.00% 0.0¢ mining projects group limited

Week Ahead (10 - 14th), page-36

  1. 402 Posts.
    It's not that we won't find it, but it's more about how bloody long they take with releasing anything. The opportunity cost is soo huge and what's worse is that any day this week an announcement could come out. There is NO reason why they haven't released a second set of drilling results at this stage aside from them either being finicky (crossing the t's dotting the i's) or they haven't found anything of significance (but this would have to be announced regardless of it was positively price sensitive).

    Yes, we have 7 cat conductors, yes we have 40km of strike zone, yes we have already confirmed the presence of nickel, but nothing is happening. All I'll see for the rest of the week is my virtual portfolio parcel at 21.5c for BUX increasing and MPJ being traded at very small volume until we get news to at least confirm our positive or negative suspicions.

    BUX will go on a massive run this week as it is already being pumped as a SIR 2.0 (I'm calling 35c at the very least tomorrow) and it just seems like the holding MPJ is too much of a risk when a potential runner is already in front of us and the way MPJ are going about their drilling is the equivalent to someone with OCD, making sure the iron is off 10 times before leaving the house because you never know if the iron is truly off until every aspect of the iron has been confirmed to be off.

    Last bearish comment for the day to just get it off my chest, every day we don't find nickel, we come closer to the day we need a CR or worse...

    Still holding with no intention to sell, but my god is this stock killing the day trader in me.
 
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