MMR 0.00% 0.4¢ mec resources limited

they found hydrocarbons, page-38

  1. 388 Posts.
    What's with the non holders with sell recommendations? Exiting immediately will most likely be at the lowest price possible, which may be multiples below the realistic valuation of MMR. Given the tax free status of the stock, it is amazing how many people are willing to sacrifice their capital and capital gains losses. I'm not accusing anyone of downramping, but at least provide some meaningful comments with supporting evidence or logic. Most people would have bought into MMR knowing full well the scope of PEP11 and its risks. The outcome of the first well (as far as we have been told) does not seem to be as bad as initially thought. In fact, it will probably bring an increase to total prospect reserves and assist future drilling. Saying things like "get out while you still have money left" is worthless and should either be justified or left unposted.
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