technical's suggest 40 cents, page-13

I must also agree with Marchell0...After a while the incessant TA predictions tend to wear a bit thin. It's the story and newsflow which will propel this stock to a higher MC, not the charts.

At present we are in a newsflow lull between the preliminary scout/trench-work (which has been very interesting), and drilling.

In the absence of newsflow relating to drilling, there will be a short wait before we have a new round of catalysts to support a further SP climb.

There is nothing that complicated about it, and you don't need technical analysis to work it out.

If MNE start drilling some good Au grades in coming months, we are going higher. The only question one needs to ask oneself is, how likely is it they will drill into good grades? The charts won't tell you this, and whatever the charts are "saying" will be utterly dominated by the results when they come.

Depending on how long we wait for results, we could leak a bit of air and settle lower. But weeks of leakage could be overturned in 30 seconds on one good drill ann.

The fact that we are seeing a bit churn at least means the stock is now on a lot of radars. If it trades sideways or retraces down a bit it is probably healthy; the building of a new SP base often takes longer than people think.

Let's get back to following the story of the company guys, and put the chart-reading into proper perspective. The story here is pretty simple. We have a company trading on a small MC with great preliminary results. The SP rise up to where we are now tracked the prelim work. The pause at this point is tracking perfectly what's happening on the ground, which is a slight wait whilst the data from the prelim work is used to map the drill targets. And next we will see if the drilling backs up the prelim work. Best to get away from the screen for a bit and enjoy a few bevies over the festive break...