MAT 0.00% 2.6¢ matsa resources limited

sorry to drop cold water on mat, page-42

  1. 61 Posts.
    it is a good question. maybe someone has more information about this-- but there is obviously speculation based on MAT finally clearing their balance sheet totally of any debt. And, I will bet that there will be good news soon. As I said above, within a few days after shareholders meeting, there usually is good news.

    perhaps looking at the day's transaction sheet will tell us something.

    I am impressed that it traded above .15- the resistance level, even though it didn't close there. Friday's trading will be significant in that regard.

    PLease remember that even at 750,000 shares the transactions are totally peanuts.only $100,000+ total.

    KBRL traded 50 M shares a day at much higher prices- let's keep things in perspective.

    next resistance level is around .22, then .34-- and it has traded at $1.10 historically [adjusted for split].

    I am thinking about adding to my position. my last acquisition were at .10, like a lot of others- but many have already sold that 50k lot.

    remember to buy on rumor, sell on fact- unless the fact is so stunning... but who knows.

    This continues to be a speculative stock until the first load gets to the mill, is processed and sold.
 
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