or on the flip side if they find nothing its back to 00.4c. the...

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jas626

6,955 Posts.

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11/04/16

22:07

Post #: 17477063
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Originally posted by Corker ↑

I know a lot of you guys are not a happy lot with MPJ. Having rode the nickel journey and nothing has come of it. With broken promises and meters drilled not completed etc.
I Know its tempting with the frustration to bail for brake even or a slight profit and search for another stock. Here is a little story for you guys.
I was a shareholder in GMM a few years ago, nothing but rehashed quarterly's were released for about 2 years. Micheal Fotios bought several million shares at 4c only to see the SP drift to 0.004
My avg being 4c too with 360,000 shares, mostly buying above 10c. With virtually no money left in the bank, Fotios covered the company with a short term loan. I found this kind of strange, then suddenly an announcement came out that GMM was going to operate the Galaxy Ravensthorpe Lithium Mine.
I was frustrated to hell with GMM and i watched it rise to 1.8c so i put a bid in at 2c to get back some of my losses, which was bought immediately. I really didn't think what was released would be possible with the company's cash position being where it was. The next day it rocketed to about 14c by memory. To tell you i sold myself short is an understatement.
Now, good god it hit 58c on fri, yep if i had held i would have been $200,000 richer, instead i sold for $7000 and lost $7000
I'm personally not making the same mistake here, wait, watch and hopefully make a killing this time.
Consider this, what if we find 3 economic deposits of lithium on the tenements. Just hang in there and enjoy the ride, anything is possible. Oh i bought in for the Nickel too, loving this new direction from the A-team.

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or on the flip side if they find nothing its back to 00.4c. the odds of a company like GMM are 100 to 1 shot, but I guess you have to be in it to win it.

MPJ Price at posting: 0.8¢ Sentiment: Sell Disclosure: Not Held
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