There will always be opportunist looking to score at the lowest share price possible. Tactic is scare and create panic selling.
But...I would like to "counteract" this negativity, the fact that ever since the lowest price of 6, many "preliminary" excellent (outstanding) discoveries have happened. They may not be JORC, but nevertheless promising findings and potential, and should add to the bullishness of MNE.
For those who expect it to be back on low end MNE price spectrum, I hope you are wrong (but been long enough in stocks, to know that the market is irrational plenty of times). However, just based on logic... it does not add up that the price should trend downwards.
Below is the summary of the discoveries, POST MNE hit rock bottom...surely they add credence to MNE potential ... and hope the drills will reflect the same in the new few weeks or couple of months.
Dated 3 Dec 2012
• Taub high grade quartz vein system extended by trenching, with new trench sample results returning up to 57.30 g/t Au and 122.90 g/t Ag including 14.00m @ 11.38 g/t Au and 18.06 g/t Ag from CCPCH00003
• New gold bearing structural zone identified at Ugpo over 400m strike length with rock chip sample results up to 9.10 g/t Au
Dated 6 Dec 2012
New high grade epithermal gold discovery at Tandawan including 7.00m @ 19.18g/t true width and up to 45.16g/t from adit channel sampling.
• Fourth high grade gold discovery by Mining Group at its Comval Project
• Extensive small scale adit system defining over 150m of strike length currently being
examined by Mining Group
Dated 8 Jan 2013
Two of four planned holes now drilled at Tagpura North confirm the presence of gold rich skarns
? Hole NCPDH00002 returns 12.20m @ 2.19g/t Au, 3.56 g/t Ag and 0.33% Cu from 19.00m including 4.00m @ 4.62g/t Au, 4.30g/t Ag and 0.57% Cu from 26.00m
? Hole NCPDH00001 returns 6.30m @ 2.06 g/t from surface, including 2.20m @ 4.09g/t Au from 1.80m
? Stockwork zone intercepted in NCPDH00001 with associated copper porphyry style mineralisation best intercept of 35.00m @ 0.46% Cu from 69.00m
Dated 11 Jan 2013
High grade quartz vein system at Taub prospect further extended by trenching
? New trench sample results returning up to 30.13 g/t Au and 79.6 g/t Ag including 5.90m @ 5.46 g/t Au and 8.56 g/t Ag from CCPCH00009
? High grade surface mineralisation at Taub now defined over 350m and open to the south west
? Drilling has now commenced at Taub to further delineate the extent of mineralisation
Now, surely share price should reflect more optimism!!!
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