Ann: Bramaderos - initial MRE and Exploration Target, page-64

We had the short term pump ahead of the MRE courtesy of speculators.
That was followed by a fairly predictable post announcement sell-off by those same short term punters.
I reckon there was about 70 millio shares traded between med November and the MRE announcement.
There has probably been half that traded since.
Weak hands and short term punters selling, strong hands and smart investors with 12 month time frame buying.
Based on price action, the selling volumes will tighten up again and the price will continue to grind higher in anticipation of a slew of drilling results in late January, February and February.
If Limon or Melonal or Sandia deliver serious intercepts and grades, the shares should get a wriggle on.
MN and the Board and Execs are significant holders and have every reason to minimise dilution.
Next time they need money, the usual suspects will be begging for an allocation because STM has an MRE now.........
.......and is on its way to a 5-10 million oz resource by end 2023.
You don't even have to put any value on El Palma or Verde Chico to justify a price double where we are now.
Seasoned Morgans analyst Chris Brown has a 12 month target price of 12c.
I could live with that.......
Enjoy the flight team.
DDD