Compared to other ASX listed companies MRQ is quite responsible...

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Chonseyy

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28/04/23

09:54

Post #: 67497670
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Originally posted by NL57: ↑

just have awoken to the sliding SP and lack of REAL results after 4 years
am happy to be a counter to all the Leemings wanting to bound over the abyss and lose their stake.
but its just my bitter experience that I would like to share with all the potential buyers in this stock.
Yes, have been severely burnt, but hoping others dont get the same.
am a long term observer of this stock but in my opinion, not giving any investment advice here whatsoever, I strongly feel Buyers Beware.
Cashflow is now limited, perhaps Directors shouls stop drawing $300k pa, as I have consistently said but have fallen on deaf ears. No one serms to comment on this waste of cash resources
just look at the buy/ sell volumes.
39 mil want out at 4, possibly those that were special CR investors
then 10-12 mil want to buy at 3
very weak
this SP will go nowhere whilst there is such huge selling ceiling.
I have admire the valiant buyers at 3, but so few.
the apparent shift from 2-3 to 3-4 and then such a weak Co announcement says to me some weak efgort to re-boldter the SP
in my limited experience, just as an observer, no investment advise here at all, it simply will be a lame SP supportive action.
Personally, if the latest news, so weak as it is, sobers the market, we will soon see a return to a 2buy, 3sell market.
but dont believe my guess as no doubt current holders will not want to hear such negativity.
so be it, but my buy platform will start mildly at 2, then 1
but thats my own prognosis, and stand yo be ridiculded

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Compared to other ASX listed companies MRQ is quite responsible with their cash and captial distribution to be fair IMO

MRQ Price at posting: 0.4¢ Sentiment: Hold Disclosure: Held
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