In this tight environment, a startup with no machinery to speak about and just managers that have experience in the area, Macro will find it very difficult to compete. If you were a company requiring mining services, who would you choose? A company with no history of having any projects or a company that has done hundreds, if not thousands. Do I have to remind anyone about the behemoth mining services companies again (compared to Macro)? Every company is looking to cut costs in this environment (iron ore the most).
If we were in a boom so to speak it may be a different story. Paramount can have all the equipment they want but its business. There has to be a reason that Tiley guy is pumping in $4 million. Let's all speculate? Has he been told an unbelieveable story? Surely not. I still think it will be eventually a big back door listing and all of you are going to get so diluted. Just hope he is successful if that's the case. I don't want bad for anyone unless they are A holes
M4M Price at posting:
1.2¢ Sentiment: Sell Disclosure: Not Held
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