On, or around the 27th Of Jan, there were about 5 x NR's with regards to Directors Interests etc. That was followed on the 1st of Feb, with a Release of Shares from Escrow. Your reference, would be with the release on the 4th of Feb, when MacArthur entered a Trading Halt, which triggered a Price Sensitive MOU. The SP went from around 52 cents to 74 - 76 cents. Since the 8th of Feb up too today, the 29 of Jun, the price has slowly been losing value. Today, it sits at 42 cents. Last Fri, it pipped at 38.5 cents. Today's trading wasn't much better. At close before CSPA, there were 7 x buyers for 108,900 (bid 42c to 30c) and 20 x sellers for 677,021 (ask 45c to 1.65). Volume was 35000 for $15.5k
CommSec, (29th Jun) still maintains the following rating. "MIO shares appear to be in a near-term downtrend, confirmed by the relationship between the 5 and 20-day moving averages. Specifically, the 5-day, is beneath the 20-day moving average. This bearish pattern, implies that investors see better opportunities elsewhere".
MIO Price at posting:
45.0¢ Sentiment: None Disclosure: Held
