"I certainly hope management are not banking on being cashed up from MNMOA's! As much as I'd like to see otherwise, I've written mine off."
Hi slipslam,
You are entitled to your opinion and you have every right to be disgruntled due to the lack of news and low SP. Shares often get oversold when shareholders loose patience and I assume many weak hands have sold the past few months... I also assume the large holders who look longer term have accumulated many cheap shares. Why else do we continue to see the 1 million seller at 7.3 cents and one or two 100 000 sell bids.... Scare the weak into selling or are these sellers really looking to get out? you decide
IK negotiated 4 KPI bonuses of 40k each and 3 Million MNMOA a few months ago? I wonder why he wanted 3 million MNMOA's? I wonder what the 4 KPI's are? If I was IK and wanted 3 million MNNOA's I would not only want the MNMOA's to be in the money but I would want the SP to be well over 7.5 cents??
I wonder if the ALDP/S7 delays have some effect on IK's expectations as it seems that much of MNM's news is based on the S7/ALDP news??
I think IK will be doing everything in his power to get those MNMOA's in the money, woudn't you?
don't let the bottom feeder scare you. MNN has never been in better shape...(exergen to list soon, exergen to confirm that BM is their key project, Exergen to start building the demo plant in LV to prove the commercial tech etc etc)
You can be a sheep and buy when the sheep buy which is when the news is confirmed/released OR you can buy when the big boys are accumulating and scaring the weak into selling low :-0)
try keep a level head
MNM Price at posting:
2.8¢ Sentiment: Buy Disclosure: Held