The question has been asked many times over,why no announcements.
Lets first take a look at Allan Blood,with 220 000 000 mky shares, he stands to gain more than all of us.
The facts are that everytime the share price goes up 1 cent,he gains 2.2 million dollars [ $2 200 000 ].
And vice-versa he looses the same in reverse.
One would tend to think he would be pumping out announcements.
Once again then,why so secretive?
Ab comes from a corporate backgroung and knows very well the importance of getting the deal before telling the world.
We have a system in australia where all announcements are accessable to the general public, this gives the share holders the ability to know whats going on with the company they have invested in.
The problem with this is that the information then is available to the opposition and to who ever wants to view the contents.
The problem we then see,is the big boys coming in over the top and scooping up all surrounding tenaments,in 21 years of trading I have seen this happen before.
We also have the problem with native title.
Then we have the problem with conservationists,one claim of a rare pink nose frog from the region applied for and its show over.
Terri Erwin has put a hold on a major bauxite possibility in the gulf.
I could go on but those that dont get the picture by now,probly never will.
This is not advise for you to buy. This is not a pump.
I am simply sharing my opinion,after 21 years of trading,I offer an educated opinion.
Make up your own mind before buying this stock.
Personally,I feel optermistic.
cheers all.
MKY Price at posting:
0.0¢ Sentiment: LT Buy Disclosure: Held
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