Hs completely right, especially in the pinks. Its common sense that more startups tank than suceed, and with downward pressures like shorting and mainly severely toxic financing options available it stands to reason alot of these companies never achieve their full potential. is MMTE guaranteed to fail, no way...but are they guaranteed to suceed, not by a longshot.
But what does suceed even mean here? Are they looking to just flip quick amd sell the concessions for a gain, or do they plan to go the whole distance? Do they have financing locked up at any level? How many people even work there? Is it a side project for a handful of peoplein an office that moves as fast as common share sales allow? To me it looked like when they announced concessions, or subsequently more concessions than they originally thought, it looked like they just had more volume selling than they anticiated at that time so they picked up a little bit more.
It just doesnt feel like their are the means to the type of end shareholders may be looking for. Seems more likely theyd flip for some fractional profit amount. If all they are doing is using our money, it takes very little effort for the officers to profit. Its not like weve seen on the ground pictures of these claims, EVER. Or News about consistent business trips to Chile. I wonder if I could arrange purchasing a lithium claim by making a couple dozen phone calls and putting together the paperwork...just attach it to my LLC which is currently 5pizza franchise stores. Wuld be a pretty random asset, but hey id rather own that than land Up Norte in Wisconsin, my home. Then again, the land I buy up there will hopefully be on a Lake with a cottage off the grid.
Dont get me totally wrong. I still think theres potential here. Its just theres alot of questions about what level of potential, and even how far off we are from that. There are so many better bottom plays that have similar or better situations, including mining. CWR€ has verified production and shipping pictures, permits, documents, independent investor visits, etc. But because of CE and slacking on financials the PPS is oppurtunisticly
low....same goes for SNE&, production occuring but a few critical pieces missing. They are so much farther up the fundamentals curve that its hard to justify me adding here when there are other, IMHO, entities closer to the Jump off point...but then again I dont study this one every day so I could be missing something...but Revenue is not in our near future.
