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15:41
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Originally posted by jjjjsbgolfer
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GT8 - MNM aren't gold specialists...........yet. They have just made up their mind as to which way they are now going to become a miner. And that hand was half forced due to their coal assets now worth jackshite. So gold is their avenue into becoming a miner. MNM do not have any spare money and unfortunately are being diluted to buggery (check out shares on issue versus market cap). They need to start making money to be in a position to be able to purchase more accessible deposits. Have a look at their latest purchase - Morningstar God mine. And they haven't paid for all of that yet. I like your thought process but believe you are barking up the wrong tree. I would like nothing more to be proven wrong as I am heavily invested in both companies.
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Wouldn't be the first wrong tree I've barked at.
