MRP 0.00% 6.1¢ macphersons resources limited

Ann: Spectacular Intercepts at Boorara - 4m at 91.4 g/t Gold, page-13

  1. 297 Posts.
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    Given the subdued sentiment of junior gold miners in general (check GDXJ chart - it's a good gauge), it is a tough environment for MRP's share price to climb.

    That plus the fact that the SPP was only recently concluded at $0.13, there would be quite a few traders doing profit-taking (selling at $0.16 is undoubtedly a cool 23% short-term profit trade).

    I personally feel that to break through > $0.15 and stay above it under such an environment, we really need a string of strong results on every in-fill and deep drill report that comes out from MRP to prove that MRP is a $100m market cap explorer.

    We'll really know the true worth of MRP by January '08 as ecker implied.

    Exciting times - Good luck to all.
 
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