MMR 0.00% 0.4¢ mec resources limited

Cuppa,the fact that a big conglomerate is willing to pour big...

  1. 305 Posts.
    Cuppa,
    the fact that a big conglomerate is willing to pour big money into an exploration project means jack "chit". Look at MEO, a large company with very deep pockets which was willing to throw tens of millions of $ at a disclosed 32% probability of success with data coming out of their ears to back up such play. Many traders justified their investment by the fact that someone had paid big money to drill. How wrong were they!

    MMR's price at the moment is reflecting the state of nervousness of a many traders/investors, after all is said and done it will be either profits or big losses. Just speak to many Meoites who are now licking their empty pockets, err their now half empty pockets.

    To each their own. If you can play with the money and risk it, do so. If you play and are rewarded, you will be profiting greatly, if you are to be punished, you'd have suffered a loss that can be handled and learnt from.

    All am saying is DYOR and assess your risk/reward profile
 
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