t2t
when reading your post I was reminded of SYT, and obla above reminds us at that HC is full of holders in similiar situations like ours. No doubt true, but for every twenty or so of those companies that won't progress, one will.
If I may mention further SYT for comparative sake. Small company with very big ambitions, just like our MNS. Great disruptive product at the cusp of a change in a major industry: sponored data in the new age of content; Li batteries in the new age of EV's. Great management (inventors) with a Board of real industry heavyweights. Same same.
Remarkably similiar charts over the last two years when both peaked, but have significantly retraced since, and now sitting at lows. An uncanny series of every-other monthly rises too, but only to continue in the downtrend overall. I expect therefore all the indicators to be similiar too.
Fundamentally however, SYT has not changed horses mid stream, whereas MNS has gone from mustering cattle to playing polo and making the clubs to boot. Even though SYT has evolved with some new products, nothing quite as radical as MNS's change. But desperate times require desperate measures, and the alternative to not changing may have meant disaster, whereas the new direction may be the beginning of something great. At the end of the day from a traders perspective, it doeasn't matter what they do, for as long as they do it well. By way of further example, I buy ABC and it dives. I sell at a loss and buy XYZ. It rises and I make money. At the end of the month what's important is the bottom line, not the companies.
SYT entered the market with a bang, but the echo has fallen on deaf ears since. Only the true believers remain, just as obla reminds us. 'Show me the money' is the only sound emitting from the market on this play. But sure enough, the brass is in the forever winding pipeline and will eventuate soon enough.
MNS's big plans will probably receive a similiar treatment, although my suspicion is that the very first whiff of currency will break this downtrend easily. This is because unlike tech, MNS is playing in a hot sector, and actual battery development will be intriguing to the market if MNS shows that she may be a contender, even if at a very early stage. If the likes of the VW discussions or similar take the next step, MNS will take the first step in making ASX history. Of course, unless there is continual follow through, we all know what happens to our immediate concerns.
For what it's worth, I'm one of Obla's HC's 'who got it wrong.' In both cases.
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