Just advice....do with that what you want
I'd rather not lose money and nor do I wish any other holders lose money, but as much as I'm hoping for some positive news with MNS, the nature of this stock (speculative), the history of mgmt pronouncements and the challenge they are facing (funding a mine with sovereign risk and/or funding a factory that has competitors will balance sheets and cash in the billions of dollars) means that you have to evaluate the risk appropriately.
I don't get a sense this is happening based on these forums:
- when the price goes up.....announcement imminent
- when a director buys....announcement imminent, they know something
- when the price goes down....cleaning out the non believers, and because someone bought those shares there is demand
As a holder, I can hope for the best, but please lets all put our big boy pants on and put this stock in the appropriate risk basket. Mgmt have been indicating funding discussions are ongoing for years now.....we have only seen CR from MNS and no funding, so (given the bond issue!), until the cash is in the bank, be skeptical.
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- Ann: US$52M Term Sheet Signed for New York Battery Plant
Ann: US$52M Term Sheet Signed for New York Battery Plant, page-299
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