MRP 0.00% 6.1¢ macphersons resources limited

From memory, they did a capital raise late last year and...

  1. 1,137 Posts.
    From memory, they did a capital raise late last year and announced that the funding would be used to finalise the DFS by end of June 2015. In doing so they pushed out the completion of the DFS from 2014.

    I am not a rocket scientist, but they shovel millions of dollars from a CR with the view of finalising the DFS and then they announce good news their gold deposits have improved.

    My understanding is that the gold they had wasn't particularly high quality. The price of silver is going down, down, down. Zinc is doing better than most metals but there are plenty of zinc companies to latch onto to take advantage of this.

    If you think the price of precious metals is going to go up soon, I am not so sure. The US dollar is doing well and when US rates rise and they have to at some point, it may well be to the detriment of Precious Metals.

    The share price of MRP is suffering big time. In my view there is a good reason for this.
 
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