The company's sitting in an OK position atm with a few uncertainties around cash needing to be raised and the amount/price of that. Off takes will hopefully happen this qtr or more likely next and hopefully the company can prove to market they are able to extract and sell their resource as a premium product in the various niche markets that are developing. Keep an eye on the broker data to see who is buying and selling as it is often telling and pay attention to the Change in Substantial Holder notices to see what those closest to the company are doing with their shares.
I won't be posting any more on MRF. At the end of the day, the forum should be a bit of fun with some quality research ideas along the way. It's not really that atm so best leave it to others.
Nasa, I don't think you're likely to stop posting on your favourite stock any time soon and MRF is just a spec punt for me so I'll leave it to you and let members decide whether they agree with your valuations or not. I can't see myself ever not being frustrated by some of your posts (and responding) and you obviously get equally as annoyed and surprised at the responses you receive from me.
All the best to MRF holders.
See you on other threads.
Add to My Watchlist
What is My Watchlist?