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Nothing new in new presso and expect mining of market will be...

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129 Posts.

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26/08/16

15:04

Post #: 18714804
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Originally posted by Mangohippo ↑

Very wise. It's one thing for all the long term holders sitting on huge losses to maybe average down at this stage - most of them don't want to sell and take the pain. Quite another thing for a new investor with $$ in their pocket to buy in......until the new management get some runs on the board, why on earth would anyone buy into MNM? Surely there are other gold juniors out there with better prospects, and a better track record of delivering projects?

Reading the latest presentation (a huge improvement over previous efforts during IK's reign, I must add), it is immediately obvious that they still have more to pay to complete the acquisition of the Morning Star mine. Unless they can sell off other unwanted assets real fast, or have $$$ that were allocated to Norton still unspent, there will have to be another CR soon anyway. Can we expect an announcement summarising what existing funds are actually available for the Morning Star payments ??

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Nothing new in new presso and expect mining of market will be the first production short-med term

MNM Price at posting: 1.6¢ Sentiment: Hold Disclosure: Held
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