I just had a quick look at the recent top 40 MNM, MNMO register.....
White Swan has been the big seller of oppies the past 2 or 3 months. They only had about three million left at the end of September so I am guessing/assuming the 1 cent MNMO's may be coming to an end soon...(If I recall, WS had about 20 million MNMO 3 months ago....)
When looking at the MNM's. looks like white swan was the only seller I could see out of the top 40......(WS sold 550 000 MNM during Sep)
dyor
IMO the offloading of the MNMO's has helped keep the SP down, WS selling the heads has also kept the SP down....We have had no news and no buyers just one seller offloading from what I can see from the top 40...
-no demand and too much supply = low SP -looks like the supply may be running low which is good for SP -Good news will bring buyers/demand and volume which should make MNM fly as register is very tight accept for WS IMO
MNM Price at posting:
3.0¢ Sentiment: Buy Disclosure: Held