Hi
@bubsmarkYes, do your research on drill results, do your research on the people behind the company but the most important thing is to understand the actually odds of finding a discovery/deposit which nobody here seems to get. In the slightest. You and a few others get it. However, I am determined to get posters on here to think clearly. If it means that one poster decides to get out I have done a great job.
Your best bet is to free-carry if you can. Some will boast they are free carried but they're not. Too many on here are dreaming of grandiose times. Greed is bad in exploration companies.
Did you know that you have some high profile shareholders in this company? Rodney Hogg, David Hussey, Ray Bright and Kim Hughes, plus former AFL player David Schwarz and NRL star Robbie Kearns. Sharne Warne's estate,as well. Not sure if any or all are still shareholders except for Rodney Hogg, but they were from the Kogi days. Just saying.
It really is a mugs game.
Approximately $10 billion is spent on all sorts of exploration each year in Australia.
AS TK has put it "It can be life changing to put in say $30,000 in an exploration company to see it go up 10, 20, 30 and in one rarest of rarest cases 100 times.
Does anyone know who that exploration company was?Share price went from 5 cents to $5 in a few months. (100 bagger)
In the last 10-15 years there has been something like a handful of discoveries yet you all believe that M4M is going to find one and be the next lucky exploration company. Furthermore, please tell me where the geologist in M4M (you know who he is) has been successful in the other companies he is involved in.
I will show you all the companies your Board of Directors are in (mostly together, be it shareholdings or directorships or both) and the success they have had.
My point really is that to get a discovery is over 1 in 1000 and to get it to being a a producer of whatever mineral or metal is even more. In between getting a discovery and to operating mine there are so many stages to get to and the time and money to even know whether it can be economically mined.
which includes scoping studies, feasibility studies, bankable feasibility studies etc etc.
Your BOD are in my opinion getting shareholders and prospective ones over enthused. It's virtually impossible to get anything up and running within a year let alone 6 months from initial drilling. Blatant BS by a lot of hotcopper posters on here.
It's just unbelievable what mining executives can get away with in commentary on their announcements. They may not say as much but they kind of imply it. Then you get fools on hotcopper saying M4M will be 30 cents by end of the year, in a year etc etc. A $1 billion market cap company and they have nothing as yet.
Are any of you aware of how many exploration companies have drilling programs close to deposits, small and major. What have any of these found? SFA that's all. In the last 10-15 years that is.
Good luck trading if you know how to trade. Don't invest, you will cry yourself to bed, get knots in your stomach and before you know it be on anti-depressants and anti-anxiety tablets. You will feel embarrassed amongst all the friends you have told and feel even worse when some of your friends and family invested and lost most of their money on your advice. You will be scared to leave your house. Depression is a cruel sickness.
This will be the most likely outcome. Please listen.
(20min delay)