Mainland Resources, Inc.(fka MNLU)

[maybe_this_time]

We're certainly at a support level looking at a weekly chart and I would not expect us to go down straight down into the toilet... I suppose the next cycle may confirm the current overall leg down which may define the 5th cycle I believe. A lower high just may be the kiss of death. It's important to realize there are cycles within the cylces. I'll check out that link, thanks. Just rambling for other readers (whether they appreciate it or not, lol.)

I have to do a better job following my investments. I kinda have a file it and forget attitude with MNLU. The cancelcation of the old credit line in addition to factors like the floods cetainly explains the share price hitting the low 20s. Hopefully they will secure another credit line. Another share offering could be entertained I guess, but down here the dillution could be of the order of 40-50% considering the discount. If it's a private placement with warrents, that might be a great opprotunity for the public and not to detremental to the current long's ($3 versus $6 target is still great...)

JMHO and ramblimg some more.

Thanks for the update and info Mike.