Rogues Trade...
Some history here...but at this particular point in time, they have nothing.
No money, no business...nothing...they are literally a shell.
I have been watching too...the buying volume has increased, but given it's current price steps, it is just as likely to be 1 point pumpers at work.
Having said that however, the largish buyer at .007 may well be the same person as the largish seller at .009, suggesting he wants people to sell to him.
Plenty of shares on issue, so any future acquisitions or placements will only add to this.
I see two possibilities...
1. Gpen is finally making money and MRY is about to move to 100% or;
2. They are going to move into a more topical sector...perhaps a backdoor uranium listing?
As I have been for some time...I'm watching with interest, but not prepared to buy any.
Cheers!
- Forums
- ASX - By Stock
- MRY
- watch this space
watch this space, page-3
-
-
- There are more pages in this discussion • 16 more messages in this thread...
You’re viewing a single post only. To view the entire thread just sign in or Join Now (FREE)