MRQ 25.0% 0.3¢ mrg metals limited

Ann: MRG - Successful Placement to fund HMS Drilling, page-20

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  1. 2,885 Posts.
    lightbulb Created with Sketch. 315
    probably a good time for you all to step back...
    Yes, it was a good announcement but not at a premium since the last sale prior to TH was 0.007c.
    But where is MRQ at precisely? You're all posting as if MRQ had a proven billion tonnes of quality mineral sands - but it's yet to prove ANYTHING substantial, that won't be known until after drilling.
    Furthermore, there have only been approx 25m traded today not particularly significant and many will be sold off by traders looking for a small return on a stock which is currently at trash price levels. Anyone would think the sp had a '$' sign in front of it.
    MRQ is a spec mining play with some promise but nothing more than that - I've seen much more anticipated minor spec stocks fail at the post.
    MRQ is probably a fair gamble at this point and I'm not saying it will not be eventually successful but to go on like many are doing, assuming it's a cert is just foolish.




 
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