why down, page-13

Wreck,

“MEL also stated they manage their business for the long term interests of shareholders, NOT short term traders”

How do you interpret that?

I see it as them not being too interested in keeping the daily share price up, but rather on building up the underlying value of the company.

Great aim but I don’t think I fully agree.

To my mind, they should be doing both as a strong share price makes capital raising easier with less dilution for every dollar raised. It also makes hostile takeovers more difficult and expensive. Most takeover offers usually quote the premium on the WVAP, which in all honesty, is the only consideration a great deal of 'run of the mill' investors will consider at the time.

On another thread aras said:
“I think all long term holders would be as concerned as any short term holders on the extreme variability of this stock”
I think the short term holders are actually overjoyed at the variability as that is where they make their living

In summary, I think the management should be aiming to keep that WVAP up as high as possible at all times, just as I recall QGC doing as they ramped up.