i think a substantial holder, page-18

Im glad u asked
Most speccies and financials have crashed thru multiple support levels in short time (this is a fact)
Given crap prospects and no cash flow, even in the medium term this share would fall under the category of poor sentiment, meaning it would fall pass 3-4 previous support levels
Checking the charts its actually not too long ago that 1-2c was the norm
I see no difference

You may say, check out their cash position
-well i say, check MEU, currently trading at 50% discount of its cash position only, not counting assets or prospects

You may say, their assets is worth something
-i say check all the so called NTAs, they dun mean crap in this market

You may say, check out their prospects etc
- i say, Mt Carbine (no contest)
-just to elaborate further, all the drillings and phase 1 only but the results are poor except maybe for tregorra which is below average to average only

If MtC gone thru, i would have sold out in the mid teens as i believe with MtC, 8-10c is a good position

But now we know that JK is a full of sh.it spruiker with no negotiating skills and a team that looks good only on paper, the SP will be severely discounted based on that alone

As Warren Buffett implies, management is a critical juncture for any company especially a junior one(imho)

Still no news of Chinese and Malaysian investors
I would not be surprised if some of them sold out already