Also I think the reason why the sp has fallen so much is not just because of the "expectation" of an imminent CR but the prospect that it is just throwing good money after bad money. Who on earth would subscribe to the CR ? Who would underwrite it without a huge fee ??
There may be a bit of a dead cat bounce on opening, but I expect the sp to drop like a stone when the propsect of a fire sale cannot be ruled out.
When that slimy broker came out last Nov about Minmetals eyeing Mirabela. I couldn't get out fast enough.
In my experience, whatever the Chinese set the eyes upon soon turns to faeces as they systematically destroy the sp only to lob a low ball bid. The pattern is unmistakable
(Note: I am NOT saying that's what necessarily happening with MBN). DYOR !
MBN Price at posting:
28.7¢ Sentiment: Sell Disclosure: Not Held
