MTH - Mithril Resources

Small punt taken.

The company name sounds like someone is talking about a medieval minstrel, but with a lisp...
 
Mithril is a metal from the writings of JRR Tolkien and is also featured heavily in other fantasy genre media.
 
They don't have any money, and they have over 500m shares on issue.
They don't have a flagship project - which means they are shooting an Uzi not a sniper rifle (spray and pray)
The grades (of gold) are decent but its underground depth - it doesn't look like a compelling investment to me.
 
SilverSanchez said:
They don't have any money, and they have over 500m shares on issue.
They don't have a flagship project - which means they are shooting an Uzi not a sniper rifle (spray and pray)
The grades (of gold) are decent but its underground depth - it doesn't look like a compelling investment to me.
Click to expand...

Good feedback - it's a punt rather than a sure fire investment SS - if I wanted a sure fire stock I'd be investing in PLS or ORE - which themselves were this size not so long ago...

DYOR. ;)
 
Fair enough.
I have my own punt stocks as well,
We'll see how we all go, hopefully we all win. But I think Gold is going into a correction atm
Buying opportunity for the stragglers soon, maybe
 
SilverSanchez said:
Fair enough.
I have my own punt stocks as well,
We'll see how we all go, hopefully we all win. But I think Gold is going into a correction atm
Buying opportunity for the stragglers soon, maybe
Click to expand...

Not a great turnout today - but I'd only punted $1500 or so on 'em - happy to wait
 
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