Clifton - I think the current SP is just a knee jerk reaction as some holders dumped their shares because they had higher expectations. The SP is more likely to spring back today - maybe over the coming week - once people realise that nothing has changed from last week and that we all need to sit back and sip our scotch. I can't see any reason at all for panic selling.
MXC, like all companies at this stage of their growth, will need the time to advance its cause. I am wondering whether some of the posters on HC believe that buildings can be put in a day and a crop can be grown to maturity in a week. In 12 months time there will be some very embarrassed ex-MXC share holders who lacked the nerve to hold on to shares in a company in a growth phase.
A lot of people have missed the obvious message - we now have official proof that the VC deal is still likely to happen - we did not have that a month ago.
Current SP is not a true reflection on the value of MXC as a company. IMHO snaring shares under 6 cents is like winning the lottery.
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