Yes MIN is heading for a crunch. The only thing holding them at the momment is they are due for a dividend payment 2c a share I think. I sold my position just before the FEd concerns so I'm feeling pretty good at that managed 30% over 4months. I still hold an NMTposition at unfortunately an over valued price although I am quite happy with there general growth and cashflow overall. NMT fairly recently discovered their resource was somthing along the lines of 160% larger than originally estimated by previous drill samples. They do have a buyback option also. And they also have the option after 3 years to buy out MIN. Their proposed hydroxide plant is what got me initially interested in them, but now I'm thinking it may only ever be a pilot.
It's unfortunate we have been delayed with GXY for three months but I'm ultimately happy I got the opertuinitoppertuinity to accumilate at these prices.
It's all up from here ladies and gentlemen.
GXY Price at posting:
36.0¢ Sentiment: Buy Disclosure: Held
