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6.1¢ mrl corporation ltd

Heraclitus-this comes from the TON school of technical analysis...

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Archer9

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06/12/15

08:40

Post #: 16554888
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Originally posted by heraclitus ↑

Hi Chrome,

I'm not sure that a break of 14c spells $1, so i would say i differ there. In fact, i dont think even with some initial sales in place that the sp will be near $1. A dollar seems more to be a pshchological figure that people gravitate to but in reality it's just another number. All i care about is what mc can be justified and would have to say, at $1, a fully diluted cap of $280M seems a fair stretch. There's some very impressive companies on the ASX with smaller mc and very strong earnings and growth prospects. But hey, would anyone really be complaining if it got to only 30c and you made 5 bags? I agree with you, this is one for the patient.

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Heraclitus-this comes from the TON school of technical analysis where a break of anything leads to targets of 1 and mostly 2 dollars

MRF Price at posting: 6.1¢ Sentiment: None Disclosure: Not Held
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