Ann: El Roble Market Update , page-3

Yes, I mostly agree with you millipede.

I didn't expect the sp of MNE to be where it is at this stage several months after the announcement that we have taken control of El Roble.

The market is confused by the headline statements of high grades currently being mined by the owner and the grades that MNE come up with from drilling - they are substantially different. Surely, the market would think with precious funds that the best targets would be drilled first.

Also the canary in the room is another cap raising. With only 1.78 million in the bank at 31st December it would seem the market is expecting another one and at the current sp it would be at a price less than the last one. This would be highly dilutive.

MNE needs to come up with some ripper announcements over the next month to turn the tide. Their is going to be a wall of sellers to get through from the recent placement.