I completely agree with you, Hollywood.
Success in transitioning to mining services depends heavily on a company's ability to leverage existing resources, adapt to a competitive market, and deliver consistent, high-quality services. Unfortunately, many companies that take this route fail to gain any real traction. The mining services sector is highly competitive, and without a clear strategy, operational expertise, and strong partnerships, it's extremely challenging to achieve long-term success.
As you’ve rightly pointed out, the track record here isn’t promising. With three drilling dusters and a history of burning through cash, rushing into another venture without demonstrating tangible progress or success in exploration feels like a gamble. Adding to this, the number of established mining services companies already up and running makes it even harder for a junior like M4M to carve out a niche.
Overinflated announcements only go so far. What’s needed is real progress, proven results, and a strategy that inspires confidence. Until then, it’s hard to see how this plays out favourably. DYOR is critical, especially when there’s a history of missed opportunities and unproven ventures.
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