MHC 33.3% 0.1¢ manhattan corporation limited

Ann: New Prospect and Drilling Update, page-38

  1. 762 Posts.
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    Sammy, I have considered why someone would sell when results are imminent also. The only reasons that I can come up with is:

    a. They bought in at 0.005 (or around that level) and therefore have made a tidy profit and prefer not to take the risk with the results
    b. They needed the cash for another opportunity or some other personal reason
    c. They are a long term holder (prior to the restructure) and they just want out
    d. All of the above

    We all have different appetite for risk, etc... I for one am happy to be a long term holder if the results start looking as promising as the initial / historical drill results (which I am confident that they will based on the geology).
 
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