MST metal storm limited

now there's a flip...1c sale at the death, page-9

  1. 4,038 Posts.
    lightbulb Created with Sketch. 634
    Hi BRR,

    I can shed some light on the trades yesterday for you. Not entirely speculators I'm afraid. I can't comment on all of the volume yesterday but I can tell you that I decided to unload a few million shares myself which in this lightly traded stock translated to a fair chunk of yesterdays volume.

    I've kept the majority of my holding which is well underwater like most here. Not interested in moving the rest of the stock for less than 10c so please add an additional scenario to your list which gets us somewhere a long way north of 5c. A scenario that involves the company having sufficient annual sales revenue to at least break even is what we need for the SP to reflect our prospects rather than our recurring CR risks.

    It's almost xmas and I expect another capital raising in Q1. I oversubscribed to the last CR to do my little bit to ensure the company had funds to keep going and I'm pretty sure that I'll do it again as we inch toward the long, long, long term goal. Giving up isn't an option as we lose 100% of our investments in that scenario so being prepared for the inevitable is prudent at this point imho.

    Despite the CEO announcements I'm very disappointed that there is little disclosure about the timelines and overall roadmap. I understand that given cash constraints they are jugging what they can but we all know that the cash situation isn't going to change anytime soon so some transparency about what it will take and how long it will take to achieve at least some of the goals would give many of us some confidence about something in the future other than the issuance of more shares. They fear transparency because of breached promises in the past but without anything specific to look forward to and measure, many investors will simply stay away altogether.
 
Add to My Watchlist
What is My Watchlist?
A personalised tool to help users track selected stocks. Delivering real-time notifications on price updates, announcements, and performance stats on each to help make informed investment decisions.

Currently unlisted public company.

arrow-down-2 Created with Sketch. arrow-down-2 Created with Sketch.