We are comming up to the end of financial year and alot of small stocks that have suffered losses tend to drop a little lower due to tax selling. I picked up some of these at $0.67c but I am not worried as there is siginafcant support from a charting perspective before it drops to the sub $0.60c area.
I bought in on this stock at $0.27c and sold at like $0.40c to pursure other interests, I was kikcing myself as a i saw it hit $1.00. This stock is a rarity amound the junior gold companies, not often a company move into production with a 10 year life mine, have a strong balance sheet with $16m cash , a number of prospective tennements and strong management that dont talk the talk but walk the walk and consistently underpromise and overdeliver without smoke and mirrors.
All stocks go through cycles I believe the stock was in a conslidation phase and has just been sold down a little due to drop in gold price.
MUN Price at posting:
0.0¢ Sentiment: Buy Disclosure: Held
