Hi Black diamonds, I doubt the sohisticated investers are looking for short term gains but they can do whatever they like with their shares.
I am a long term holder and I am expecting a big jump in SP between now and May 2013.
Coronation drilling will be good as we drilling a know IP Mt Mulligan progression and drilling sometime in 2nd quarter IMO exergen 100 million funding news S7 allocation,4 more LV tenements to be granted early 2013 ALDP updates.. something left field? maybe another JV partner for LV
I am excited,,,,there will always be buyers and sellers and depending on sentiment/news the SP behaves accordingly. news is getting closer every day, MNM has plenty cash in the bank and they will be using it for something..
many will be hoping it stays low to accumulate but unlikely IMO... I/O has rallied hard recently and I hope Thermal coal is next which may support coal shares. I also hope 2013 is the year for the BCE sector.
Happy NY everyone
MNM Price at posting:
7.2¢ Sentiment: Buy Disclosure: Held