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20.5¢ minotaur exploration ltd

MEP or ADN, page-341

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Yagami

336 Posts.

317

23/11/20

10:56

Post #: 49063458
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Originally posted by jiska: ↑

Good article, but fundamentally wrong IMO, especially in the spec world.

Plenty bought in to TV2 at 3c and when it got to 7c kept holding before it crashed in a couple of hours to less than their buy-in.

Yes, you can make a lot of cash if the share keeps going up, but you can lose the lot too with one announcement of a bad drilling result. Others will disagree, but IMO a smart investor always covers their buy-in and freeholds when a share skyrockets. I've seen many many many investors burnt in the past. I'm as bullish about both MEP and ADN as anyone, but it's important not to get carried away with the hype.

I covered my buy-in with ADN at 20c and used that money to jump in to MEP at 11c. That move has me well ahead right now, and I see a lot more upside in MEP longer term.

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Yes and I agree. Every company is different, and you must complete your own research and DD so that you don't end up convicting your own demise. The article I posted is not to be taken as financial advice

MEP Price at posting: 22.5¢ Sentiment: Buy Disclosure: Held
2 Upvote

0 Great analysis

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