I do agree with your points nikk0. Its an unfortunate event that growing micro caps will need to raise cash to fund the expansions. With the change in the funding situation from the GFC, in particular funding for overseas expansion... they don't have much choice, except for expensive convert notes etc.
I know Des is also hurting on the share price. If my memory is correct, his shares were priced at 3c when the companies merged,. so he is miles under where he started.. Cash raisings also dont benefit him as i dont believe he has taken any in the last couple.. going by the small amounts, i would say its a big shareholder who is a long term believer and is putting up their cash to keep it going. I doubt its any fund mgr or like...
I think we will have news soon, hopefully around re-orders, but also on OZ perf as I believe its going gangbusters....so
As long as the world markets don't implode, we should be much better by the end of the year
MUT Price at posting:
0.9¢ Sentiment: Hold Disclosure: Held
