MDS midas resources limited

trading halt at a very interesting time

  1. 333 Posts.
    MDS trading halt after market close announcement makes one wonder what this time, could be drilling results but I think this is too early and believe me this area they are now drilling is very exciting.

    Could be divesting areas they don't want and raising a little capital. Speaking of capital with this very aggressive drilling programme now being undertaken will need a lot of money; on the last look I think they only had $1.7 mill in the kitty. May be raising more funds with a private placment.

    Or could be that they are looking into other prospective mineral leases that include iron ore or uranium. This managment isn't dumb they have some good people in their team and anything is possible.

    This stock is off the day trader’s screen at the moment but I am holding and am very confident of a lift off in the coming months. Good luck to all investors.
 
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