It is too early to assume this is on its way up, however the current buying at what is on offer is a great sign. I am comfortable that this has possibly reached it's bottom with buyers snapping up any shares at 25c/10c and even reaching higher as less shares are offered at these low levels.
I would prefer if Ian would hold off these anticipated coal and phosphate announcements until these market doldrums subside as they would fall on an unresponsive market. I also think with the Olympics around the corner, it might provide a welcome distraction from the US credit woes and a possibility for China to show off its rapidly expanding nation with a little help from Australian resources.
MNM Price at posting:
0.0¢ Sentiment: LT Buy Disclosure: Held
