I've been holding this stock for years and with 13 BILLION shares on issue, the Company would need about $800 million dollars in contracts to see the share price rise a few pips. I don't know of many companies with this amount of shares.
Put simply, if we ran our businesses like Metal Storm, we wouldn't be in business. A $1.48 million contract is like someone giving you and I $5.00. This won't change our lives.
I'm happy to see the sentiment change, but for the shares to reach $0.01, we would need significant income from weapons, ammunition, engineering contracts etc.
I just hope that the gullible don't throw large amounts of money into this one as I can't see much improvement to the SP unless we can manufacture weapons for half of the armies worldwide.
Am I missing something?
The technology MST have is outstanding. Why can't we get it to market?
Why isn't management buying huge parcels of shares if they thought things were looking up?
I put in $50,000.00 worth on expert advice many years ago. I know of a guy that bought $100,000 worth at $1.00 ish. His broker is no longer a broker.
My investment strategy is simple. Look at the amount of shares on issue, look at what income is expected. If the company has more than 2 billion shares on issue, I very rarely ever touch them as it is very difficult for the shares to have a good run as most bail out just to retain the initial investment.
I would like my $50k back, even $20k.
Just be careful with this one as there are plenty of bargains around without the inherent risk associated with MST.
If the shares reach $0.01, I will be jumping with joy. Good luck all.
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