I think it's the like of MLC covering their initial outlay (and some no doubt). There's now been two dunps of around 50m at this price and some other large lines of about 10m sold.
This in itself doesn't mean all is lost (someone is buying, after all), but also doesn't inspire confidence. It also indicates that a positive announcement isn't imminent.
All we have is the woolly potential of some future jv, which may or may not stack up. With all this selling and better prospects elsewhere, being on the sidelines seems to be the way to go atm imo.
cosmos
MHL Price at posting:
0.2¢ Sentiment: None Disclosure: Not Held
