hi malcom in the middle
hanging in by a thread??? with the drop in sp today and the accumulation happening in the 59/60c range, this is a raging buy, at 37c i was hanging in by a thread, only because i was looking at the $$ i was down, fundamentals only kept getting better though, kicking myself i didnt get more shares in the 30s and 40s.
MITM, hold on to those shares, very exciting 6 months to come,imho of course.
price wise, i wont pick an actual figure, but as we have set a very solid base around 60c, and i believe that half the sell side is phony and will disappear on a reserve upgrade of that size, my first target is in the 80s, this will put our mar cap back to 100 million+ and will entice larger buyers so i honestly believe the SP will be over $1 within 2 weeks of an announcement of those proportions.
this is only a semi educated guess, dont take it as gospel, to be honest the most exciting thing about reserve upgrades now, is the possibility of takeover offers.
company has already got a $2.43 value on shares, the right type of reserve upgrade will certainly make that figure a more realistic chance of happening.
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