Some big 1 mil placement dumpers imo and daytraders taking small losses/profits.
It all looks very positive to me with fantastic support at the 16.5 cent level which just happens to be above the recent high on the 8 th November. We are definitely in breakout territory and the gap to 22 cents will be closed on any news. We have also had 35 million shares change hands this week so far which is 40% of the free float.
With expected confirmation over coming 3 months that we have a significant likely resource then our market cap should show a share price that will easily exceed 50 cents (being conservative)imo based on other ASX listed companies with similar profiles.
This is very early days.
MNE Price at posting:
17.0¢ Sentiment: Buy Disclosure: Held