Well with the actual stock market stuck in the mud, sometime we need some foreseable action and Mindoro could be one very interesting stock.
They are in the Philippines and unfortunately cash is running out. Last week, they sign a Heads of Agreement with TVI Pacific to form a join venture on some properties.
Part of this was the immediate cash loan that will let Mindoro Resources operate until final decision (after due diligence from TVI) is made.
This is a win win situation and the immediate beneficiary will be Mindoro as they will still be partners in the properties and will received an instant cash injection. Il will diluate actual shareholders BUT TVI did offered 0,05 being the actual price. So some dilution but no discount to market price.
At the actual 0,05 i think this is a good play and could create a great return within 90 days if due diligence favor the deal but my instincts are telling me that this deal will get it's green light.
Naturally THIS IS NOT THE ONE TO bet all in...but could jazz your protfolio a bit if it goes as planned...
As usual (and more actually) DO NOT INVEST MORE THAN YOU CAN AFFORD TO LOSE and always do your own due diligence before investing in any stock. CHEAP SHARE PRICE does not necessary mean a real bargain. Play with extreme caution.
Get THE PLAY OF THE DAY on Twitter : @investman2
They are in the Philippines and unfortunately cash is running out. Last week, they sign a Heads of Agreement with TVI Pacific to form a join venture on some properties.
Part of this was the immediate cash loan that will let Mindoro Resources operate until final decision (after due diligence from TVI) is made.
This is a win win situation and the immediate beneficiary will be Mindoro as they will still be partners in the properties and will received an instant cash injection. Il will diluate actual shareholders BUT TVI did offered 0,05 being the actual price. So some dilution but no discount to market price.
At the actual 0,05 i think this is a good play and could create a great return within 90 days if due diligence favor the deal but my instincts are telling me that this deal will get it's green light.
Naturally THIS IS NOT THE ONE TO bet all in...but could jazz your protfolio a bit if it goes as planned...
As usual (and more actually) DO NOT INVEST MORE THAN YOU CAN AFFORD TO LOSE and always do your own due diligence before investing in any stock. CHEAP SHARE PRICE does not necessary mean a real bargain. Play with extreme caution.
Get THE PLAY OF THE DAY on Twitter : @investman2
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