The sophs participating in this current placement are a bunch of bums. Despite hopes to the contrary, they've been tripping over themselves to offload at breakeven or for a single pip. With the lions share of the sophs placement about to drop, and the SP hovering around the placement price, I wouldn't be surprised to see a sharp capitulation as stop losses are triggered. Normalcy should return in the second half of Sep though. Imo.
MNB Price at posting:
11.5¢ Sentiment: None Disclosure: Held
