General discussion, page-917

I hope so as well, they provide no beneficial posts ever on any stock they post on, just spam



On better news MRQ what a day -

Serious smoke signals coming from MRQ - MRG Metals

Last week there were some interesting large buys (well compared to what else had been happening) they were going through at approx ~3million shares at a time at 1c, the buyers stepped up from the buy line at 0.9c, ie they weren't getting any at 0.9 so had to go to 1c

The first one was confirmed by the broker data coming from DayTradeScans was Hartleys. Over 2 days last week, the 13th & 14th, Credit Suisse has stepped in and bought ~9.35million shares. 9.35million shares in only 2 days, considering usual volume that is a lot.

So we get to today, up 20% on no news 85million shares traded, 1c wiped, 13m wiped at 1.1c in one go, a few wipes at 1.2c, finished at 1.2c after a little went through at 1.3c on ChiX

61,880,799 shares traded today at either 1.2c or above

Serious smoke signal in my view.

MRQ is a HMS play (heavy mineral sands) in Mozambique, they are constantly being compared to multi $100m MC companies by certain people, quite crazy as MRQ has been a sub $15m MC company being compared to some 10x the value????

In my view they should be getting compared to the like of TSL, they have a single deposit in Sri Lanka, the numbers coming from it put it worse than MRQ's first JORC at Koko, which is due to be upgraded after more drilling to bring more results up to a JORC standard, the company has stated it will be easily over 2bill T, it is currently approx 1.4bill T.

Koko is also only 1 deposit of MRQ's on the 2 corridor tenements, they have another 12 that have been getting drilled, some with better results than Koko.

They have not even started to zone in on the high-value areas yet like the multi $100m MC companies have already done.

They also have another 2 tenements that they should have just started to drill out in the past few weeks.

And finally, they have another tenement pending which I feel will be a monster, past drilling from RIO gives results up to 25% HMS which is huge.

So that's what MRQ have, TSL have a single deposit with no scope to expand, they have the country up in arms against their proposed plan to mine, but they have a MC that is double that of MRQ.

I feel it has possibly hit someone's desk at Credit Suisse and they have worked this out, or someone is buying through them, it's not a pump and dump in my view, the sell-side depth has not been replenished further up, it's just getting taken out.

Smoke signals

DYOR though