time to buy?, page-7

  1. 79 Posts.

    While I agree that magnesium should be a money machine when the plant is built the problem I have with this stock is that so far all the Sh/rs have to show for their money is some technical docs and a bit of working capital - when the final site is chosen and the final bankable study completed the whole development is still going to need capital - there will be nothing left be to contributed from the current MIL company.

    Its this risk of massive dilution that stops me from becoming a part of this company - I'm not sure that the existing shares will have any value assigned to them comenserate with the patience they have shown and the risks they have endured in carrying the company this far.

 
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