Here's my take: The company is producing silver, and will be cash-positive in about 6 months. So all they to do is to survive until then. So they must sell their remaining holding in New Guinea Gold and Malachite, which will raise a couple of million. Also, they must stop all further exploration expenses and concentrate 100% on their working plant. Finally, they must sell whatever silver they produce into the market at current market prices. All indications point to silver having been heavily oversold in the last 6 months, and should now bounce back towards $14-16 or higher. It's a gamble they can afford to take. If it fails, then they will have done their best. If it succeeds, they will be well-placed for the next major advance in precious metals.
MMN Price at posting:
4.4¢ Sentiment: None Disclosure: Held
A personalised tool to help users track selected stocks. Delivering real-time notifications on price updates, announcements, and performance stats on each to help make informed investment decisions.