buy depth, page-5

agree - the MNM sell stack looks ready to be decimated on the next exergen/mnm JV ann or Mt M news.

If the free ops were trading today they would be going through at around 1.5c. On that basis the actual net price for the new shares is closer to 8.25c than 9.75c.

With MNM looking solid at 10c+ that means the CR offers around a 20% return for holders who exercise their rights (if the SP stays at that level after trading in the new shares and ops begins).

I'll take that kind of risk/return every day of the week.