entitlements issue, page-3

Don't have any entitlements myself, but would think that a rising gold and silver price could only help attract people to the issue, no matter the dilution effect.

Some on this site find it attractive to bag the Directors, but they may just have got their timing spot on with this issue.

Don't forget, MMN is producing silver, and has started to sell its particular silver product, and their off-shoot companies New Guinea Gold and Frontier Resources are either producing gold or finding it; that alone provides a basis for the share price to rise with rising gold and silver prices.

MMN's holding of these two companies is actually worth a bit these days.

I recall management also intends a pretty solid drilling program on existing leads over the next six months or so. As they are close to known deposits there is cause for optimism here as well. This is the reason directors gave for this issue.

The company had some cash at bank, last time I looked. To that must be added cash from sale of silver, cash inflow from this issue, and provided the equities are in the money at the end of October possibly another $20 million or so of cash dropped into the bank account from conversion of the options later this year.

That must provide a very strong foundation for this company to go forward, buuuuuuuuuuuuuuut, the actual price of the MMN shares all depends on the price of silver rising from here.

What is that going to do??? Well, thats the question isn't it.