no one is buying spec stocks anywhere in the world at the moment. having said that, MNM's chart looks pretty damn good over the last 3 months compared to most other juniors on my watchlist.
there is very little selling pressure on MNM.
this makes me think when market sentiment turns (and it always does) those looking to take a decent stake in MNM will have to pay up.
It should be 30c+ on any sensible in ground resource basis, even leaving aside the JV with exergen and the ILUA at Mt M.
With those two key deals having been stitched up over the last few weeks the MNM SP should be closer to 50c IMO.
Some serious QE in Europe and the US over the next few months is the key to that kind of SP.
MNM Price at posting:
11.4¢ Sentiment: Buy Disclosure: Held