MIS has Sino trying to takeover them for all cash. Hence the significant share price. They are not offering $6.38 (off the top of my head). Investors are now speculating that MMX will be the next T/O target for Sino, thus the sudden spike in sp. MMX and GBG both shared significant retraces from all time highs however MMX has recovered a fair chunk.
I do look at these times as a "buy" however I used a lot of my capital to BUY at much higher levels. I'm currently day trading a small amount of cash and putting most of my wage into GBG as it comes along each fortnight, lol. It will all add up in the end.
GBG Price at posting:
0.0¢ Sentiment: Buy Disclosure: Held
