More than likely a pump and dump as the underwriter was left holding a lot more stock than they wanted. Seems to be a lot of props on the buy side and all timed post placement completion. Hugh volume spike doesn't add up on the bock of a few rock chip samples.
I don't put much weight in rock chip samples...show me the drill results. No track record of success to date despite what appears to be prospective ground. Strategy is too conservative for my liking (eg, have only drilled one hole at some prospects; ltd no. of drill programs each year). Aggressive exploration is required at this level of the market - competing for limited funds and interest with hundreds of other explorers.
I have sold my full holding into the pump and dump. Will continue to watch with interest, good luck to patient holders.
MZN Price at posting:
14.0¢ Sentiment: Sell Disclosure: Not Held
