Its crazy to think that if one person did an on market buy of MNM shares for about $30 000 today it would increase the SP by 100%?
Not much shares for sale is good for us LT Holders.
If I was IK I would have all the drilling organized by now. I would have probably waited for a confirmation of a successful capital raising before I committed to the Winter drilling commitments/expenses to be on the safe side... I assume that IK will have a very good idea about the success of SPP by today. I hope he is now in a position to sign off on the financial commitments and we get some updates/news. I am just trying to put myself in IK's position from a managements point of view....You would only commit to a payment/expenses when the money is in the bank IMO
Anyways, I look FWD to next week and beyond. Lets all hope the Brown Coal Pilbara and Exergens continued commitment to BM will draw much more positive attention and many more buyers.
I hope that these low shares prices are just a bad dream come September this year.
MNM Price at posting:
3.6¢ Sentiment: Buy Disclosure: Held
