I believe this is where you are mistaken. I’m not trying to dissuade anyone from buying, selling, or holding this investment. The share price doesn’t have any impact for me personally. Yes, I own some MDMN shares in an IRA but don’t assign any value. Yes, if the stock dropped to a price that I believe reflected an attractive valuation, I would consider buying shares (less likely now) but there’s nothing that I post that will trigger enough selling to meet my discounted “price target.”
I don’t consider my outlook “miserable” but I can appreciate that my analysis when juxtaposed with the unrealistic (euphoric) posts of a small group of dreamers, may appear cynical. However, it does suprise me, given the comparative track record, that some still pin their hopes on the analysis that has never come to fruition. This appears to be non-objective, positive bias by many shareholders who feel they have no actionable option. Sadly, in the case of MDMN, in receivership, where 95% of investor exposure lives, there is no other option.
What may seem like harsh criticism coming from my end, is simply a level of frustrated disbelief, that individuals who are constantly proven “off the mark”, calling for imminent production over 20 years, praising management for flawless execution and communication, can’t adjust their perspective when its staring them in the face.
MDMN is halted, there is zero visibility on the prospects of a distribution, the mine has been closed down with no update from management, and the debate is focused whether a 30 P/E is warranted and how long it will take AUMC to increase the capacity of the plant.
Maybe I’m alone in seeing the obvious disconnect. What you see as some sort of (non-existent) personal grudge, is simply my providing an opinion on this investment based on pretty extensive experience an an investor and director across the mining space. This isn’t a social media site nor a popularity contest. This board would be more constructive if its participants were able to focus on the facts and credible speculation (kudos to the likes of CHG and MGold). Unfortunately, what should be considered grounded analaysis, based on decades of historical precedent, is conveniently labeled as “miserable” with ulterior motives while the “pie in the sky” forecasts are embraced because of desperation and/or because there is no other alternative but to hold.
FWIW: while optimism is a valuable attribute in general life (which I embrace), optimism or hope, when it comes to investing is pretty toxic.
