If you are to base it on technical analysis, a major breakout is about to occur. Now I own stock so I am naturally going to be biased towards the belief in the upside. But if I tried to take emotion out of it and look at the probabilities, it seems difficult to mount a case for serious downside.
Pond Approval: Well that is going to happen one way or another as there is no issue on Franks land. It is more likely that this approval will be granted in a few weeks time, so I can't see any major negative news on this in the st anyhow
Silica: They have just stated they are finding drills and they are pricing offtake tonnages. Negative is unlikely here as they have already moved to the positive in their quarterly
Funding: Sufficient for the st & mt, so no risk here
US operations: Not due to hear anything till June, but earlier would indicate positive news rather than negative, as it would mean they had secured deals and funding.
I could add a few more things, but it seems to me that a dramatic move is most likely to be the upside as their is very little negative news possible. Unlike a drill rig hitting the zone of interest
Of course I am hoping that a move up comes quickly, but I am less concerned about the speed up than worried about a dramatic correction
MHM Price at posting:
$1.05 Sentiment: Buy Disclosure: Held
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