What perplexes some traders is that the price went to 21 cents...and now it is around 9 cents. The move to 21 cents was totally totally artificial as seen by the huge volumes....yet not a single significant shareholder notice.....churning with the equivalent of algorithm trading. And now no one cares about MNE......which is what would have been the case without the pump and dump. Traders must forget the price rise to 21......it should have never happened. Red heart traders would have known what was happening....but some chose to inflame the move for their own benefit....and some posters still think the gurus are messiahs...not naughty boys! That said.....good drill results will increase the price....and this may well be a solid company in the future.....but many current traders have been gutted and will only end up breaking even now.
MNE Price at posting:
9.2¢ Sentiment: ST Buy Disclosure: Held