brian blooms latest review, page-6

I would be surprised if the issue was not close to fully subscribed!! Why?? Because I believe the directors will take up their entitlement and along with what I have purchased and other family members, I can account for 10% of the share issue straight away! I was happy to see the share extension notice as I am now confident of getting my allocation and have also only got back from Bali on Monday and was in a bit of a panic as to whether I could get my cheque to them by COB on Wednesday!!

Time will tell though! I am expecting silver to consolidate for a week or so and then head a lot higher! My target by years end is north of US$10. With the outlook for the AUD$ to be around 70c that would be AUD$14 or $7 per ounce ($17.5Mprofit) to MMN. Don't forget they have $23M in tax losses up their sleeve!!

I don't think we will see 10c again unless silver gets hammered or MMN management dissapoint! Always a risk with the second one!!