MDI middle island resources limited

The gap down was all fundamentals driven off the back off the...

  1. 2,631 Posts.
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    The gap down was all fundamentals driven off the back off the disappointing sandstone FS & failed restart operations.

    Looking back in hindsight is easy, but Rick could have expanded drilling further to have further grown the resource, converted more of the existing resource into measured & indicated (so they actually be used for feasibility and calculating ore reserves) & lastly even have looked into undertaking a cap raise when the SP was higher (around 2.2-2.4 cents pre-consolidation) to acquire a nearby deposit. Shareholders would have been pissed, however, would have prevented the aftermath of what happened.

    Hell, he could have even undertaken a raise early in 2021 to do all the above.

    But it is what it is. & i wish AUN all the success at Sandstone.

    It effectively is a new story now, a flip of a coin, confirmation of a major discovery and we're multi-bagging.

    Things can change very fast into the microcap space. Just look at XTC the entire market had written them off as at the biggest dog etc but a pivot to different project and old long term investors had 5-7bagged!



 
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