Ann: Third hole at Chuscal intersects vein grading 31.8 g/t gold, page-37

It's funny that when the SP drops, new holders always balme stale holders. This has been the case since Takoradi's in-specie distribution of MNC days. Fact of the matter is there wouldn't be too many stale holders left, they have been consolidated to buggery and either sold out a long time ago or forfieted their shares through the small parcel buy back. IMO those that are still in would be holding their shares LT waiting/hoping the current BOD can add some SH Value and not be sellers. Whether they lose 98% or 100% of their value it's acedemic to them now so they may as well hold. Probably even averaged down.

Like most spec stocks, you get those who are in for the quick buck and those who hold LT. Unless the price is being manipulated, which in a lot of cases it is as we all know, I find it's the traders who drive the price down as they get bored with the stock as there is no quick buck for them and then sell at whatever cost and move on. Unless hole 4 is a doosey there is nothing in the short to medium term that will drive the price up. Need to drill holes 5, 6, 7... and then wait on the results, so we are months away from and potential long term upwards revaluation of the stock. In the interim there is only one way the SP will go and thats downwards. Even if hole 4 results are satisfactory the SP may increase in the interim, then what? The $1.5 mill from the sale will only go so far and then there will be the obligatory cap raise/s.

To me, MNC, soon to be renamed Los Cerros Limited, is a longer term play. Need a lot more drilling and good results for any significant sustainable revaluation to occur. So in the mean time the SP will rise on the goods news and then drift downwards in the periods of little or poor news.