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Posted On: 03/15/2021 9:53:56 PM
Post# of 2062
Badger - if you still hold any MXSG shares - what would you be satisfied with as a straight buy out for all assets, 5 cents, 8 cents, 10 cents? I don't think anybody is going to offer any of those prices per share since we haven't yet shown we have an economic gold resource on our hands - anywhere.
I know i come across as pretty jaded by now - but I still hold most of the shares accumulated at higher prices -the early ones at much high prices. I have a GTC order in sell a partial lot at 4 cents - if that's any indication of my sentiments. I sincerely hope PT can pull this one off and we eventually see a price in the 10 to 20 cent range on open market but right now that feels like a long shot. Even the high end of that range would only equate to a penny before the reverse split. Not a real high ambition is it?
"Averaging Down" not a good strategy on a stock that is tanking and for a reason. Just felts like it might work when you acquire a million pre-split shares for $1300. Problem is they are at that price because of dilution by the CEO's dependence on toxic loans that all go the conversion route at same time the confidence is eroding in ability to recover gold.
Yet I hold - might as well at current valuation.
In my earlier SEND on Mabel Dana I scrambled names Mabel and Maple - the correct name is Mabel. The links work in the message even though one used the wrong name. No simple way to redo the message or the file names so ignore the mismatch- it's just a naming error on my part. I got a mental fixation on the wrong name early on and it came back to bite me while composing that item and uploading files to my host server.
I know i come across as pretty jaded by now - but I still hold most of the shares accumulated at higher prices -the early ones at much high prices. I have a GTC order in sell a partial lot at 4 cents - if that's any indication of my sentiments. I sincerely hope PT can pull this one off and we eventually see a price in the 10 to 20 cent range on open market but right now that feels like a long shot. Even the high end of that range would only equate to a penny before the reverse split. Not a real high ambition is it?
"Averaging Down" not a good strategy on a stock that is tanking and for a reason. Just felts like it might work when you acquire a million pre-split shares for $1300. Problem is they are at that price because of dilution by the CEO's dependence on toxic loans that all go the conversion route at same time the confidence is eroding in ability to recover gold.
Yet I hold - might as well at current valuation.
In my earlier SEND on Mabel Dana I scrambled names Mabel and Maple - the correct name is Mabel. The links work in the message even though one used the wrong name. No simple way to redo the message or the file names so ignore the mismatch- it's just a naming error on my part. I got a mental fixation on the wrong name early on and it came back to bite me while composing that item and uploading files to my host server.
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