MOM 0.00% 0.4¢ moab minerals limited

Is the company worth $5M is the question? I wouldn't buy it for...

  1. 1,310 Posts.
    lightbulb Created with Sketch. 556
    Is the company worth $5M is the question? I wouldn't buy it for $5M.

    Drilling in Colorado is expensive. Your looking at millions of dollars. If they find nothing economic, there is nothing left (maybe why the did the Nabberu play to make it look like they have more than one thing).

    Prediction - Rex will drag out until next CR. They need it to, to keep the lifestyle company going on hopium.

    I'm not trying to dampen any of your hopes as someone who exited, and I really hope that those remaining make money, but have a good hard think about whether you are having a bias and hopium. I genuinely think you will lose more so hope you pay steed. Nothing in it for me, I could buy cheaper today than I sold for, but I won't - why? Because I think I would lose more money. So I also really hope genuine people don't lose more money.Not losing another $1 is as good as making $1 back.

    What are your odds here for this going nowhere and burning more money (which by default means your share price goes down).
 
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