Seems they were waiting for the Glouscter news to give MPO a bit of fire under the share price. While there has been a run upto, the actual news had no significant impact. Was the same for MEL, doubled resources only to see share price fall.
It seems that production, and subsequent revenue, is the only thing that will bring MPO alive. While AJL have indicated thay will ramp up test with a view to getting into production ASAP, this will still require the whole of 2008 to do.
So much value, yet so little price. Need to keep awaiting. Hope it doesnt but it seems that the price will continue to drift, hopeful not down.
patience really required on this one.
MPO Price at posting:
0.0¢ Sentiment: Buy Disclosure: Held
