You summarized it pretty well mate. Can kicking at its best and fluffy flowery announcements which do nothing for serious investor sentiment. Evidently it brings the likes of the Dill and Small Change to the thresh hold of ecstasy. Premature ejaculation is what I and my medical colleagues call it. I guess with tags like that, the expectation bar is set accordingly. What I will say without reference or light hearted banter to my fellow investors - is the same message I have always broadcast. The share price is the barometer upon which all is measured. Even with my own age impeded short term memory, the current SP of 4.2 cents is an absolute disgrace compared to where the SP has been and where the last capital raising theoretically set the floor price. For the newbies and the Dills, THE MARKET THINKS THIS COMPANY STINKS. It does not like the announcements, it does not like the way it is managed and it definitely does not like the perceived lack of strong visionary stewardship as displayed in 2017. This is not my interpretation people, this is what the market is telling you. Will things change? Today the market (read the majority of investors) - do not think so. But as we all know, in the penny stocks segment - miracles sometimes happen. Given the high remunerations paid and the overtly generous options awarded to key non - performing personnel; one seriously has to doubt if the current Board of Management has ANY shareholders best interests at heart. This too reflects on the current SP and general malaise even when potentially good news is released. I mention this just in case you are wondering when MXC is going to really take off. If good news is finally released to the market which seems plausible, then the magic barometer of company performance will rise accordingly (ie, the SP). The double edged sword is that unless serious cash inflows change the downward trajectory of the balance sheet as is currently the case - any spike in the SP will be king hit with another capital raising and or the absolutely certain consolidation. My very long experience in investing (and losing hundreds of thousands), is that the rank and file share holders will get shafted in either of these transactions. These penny stock companies reward the Boards and their buddies as number one priority, so never forget that we do not factor into their plans except when they need cash
I will be happy just to get my money back as I have said many times before. I have averaged down twice but the holding cost is still well above current levels. I assume the majority of share holders are in a similar situation. If the company changes its Modus Operandi, then I will review my investment decisions. At the moment, nothing inspires me in the near term. I also think my views echo the vast majority of reluctant holders. If the share price performs and maintains its gains, then the Board has done its job. But that has not happened as I type.
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