There’s down rappers and there’s non holders that comment on stocks, there is a major difference between the two and it shouldn’t be that hard to tell the difference. I had an interest in this after I spoke to the MD at Noosa Mining Conference a year before the IPO. I’ve posted this here before, I questioned the MD on the project and the IPO and the insiders that held it, I even asked why are they floating this if it’s this good? The more I spoke to him the more the impression I got was they didn’t know if this would work. So the IPO was to get retail to fund it, if they hit the numbers the insiders could have easily bought it all back as they retained 80% at IPO with a cost of about 3c per share. Of course it went off the rails early and more CR was needed very early on.
MKR Price at posting:
9.7¢ Sentiment: None Disclosure: Not Held
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