Dead duck walking .... You know the feeling you get when you are driving a busy road and you see a family of ducks (incl ducklings) attempting to cross the road.
Anyways, I can not help but sense dead duck walking with the share price because:
1) MNB has a JORC indicated and inferred resource and companies like NUP are not far off the market cap. MNB is valued at $21 million at $.245 and has approx $5 million cash.
2) MNB's share price decreased after yesterdays 100% resource upgrade. BSR rose yesterday after 126% increase in Gold resource.
3) Not an update on Potash for over two months. TRH/POK announced a deal on 2/12/2008 and announced due diligence complete on 12/01/2009.
4) 304 MT Jorc resource defined ,,, a good chance of 350MT soon and the MD in the announcement talks about a comparative asset potentially worth $1.1 Billion. At 350 mT @ 11.5%, contained Phosphate would be 40.2MT or similar to Bayovar. 50% ownership is still potentially $550 Million.
5) Issue with Kanzi in DROC ... obviously no idea what is going on and the previous government was just re-elected
6) No broker coverage or no commissioned reports .. jeez that does not give me alot of confidence
7) Failing to miss deadlines with resource upgrades, preparing the last announcement in quick fashion, spelling mistakes , no assay data like RUM Jungles (RUM) recent resource upgrade statement.
PS No ducks were injured during this Post.
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