What do you guys think? A poster named Young Trader posted this on another site on friday night. I also noticed he posting similarly on MEO when MEO was at 18cents (and trading near its cash backing). MEO went to 53cents within a week (200% 7day return.
The research i have done over the weekend shows great potential with its zinc deposit. It looks oversold and again, its cash backing is 8cents giving scant value to its near term producing zinc mine.
For those whom invest in companies that have considerable growth potential, i would suggest looking into AIM. I bought some AIM late friday knowing that it has $80mn of cash so i am protected.
IMHO once the market realises its cash position, and as money filters back into the market (as it should very quickly this week), it will easily move back to 14-15cents.
Anyone else see the same potential that I do?
AIM Price at posting:
0.0¢ Sentiment: Buy Disclosure: Held
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