Hi Cheapprice)
MWE management recently acquired a bucket load of options each (at no cost) exerciseable at $2.00. As it rare for Management to set high bench marks, it would be reasonable to assume that they expect the SP to go much higher.
In today's Weekend Australian (Oct 27-28), Business Section, Page 26, Catherine Raw, a director and portfolio manager with the $US19.5billion Blackrock World Mining "...said the fund continued to back its overweight positions on iron ore and copper".
And who holds 10% of MWE - Blackrock (12 Jul Presentation).
Hanging in should not be a problem.
Cheers
R1
MWE
mawson west ltd
