Thought it was interesting that we are loosely following the same trend/pattern as we saw following the December 3rd announcement:
2009 vs 2010
Dec 3rd: +55.81% on 32m Vol -> Aug 9th: +76.67% on 75m Vol
Dec 4th: -14.93% on 18km Vol -> Aug 10th: -13.21% on 12m Vol
Dec 7th: -3.51% on 2m Vol -> Aug 11th: -8.70% on 3m Vol
Dec 8th: +12.73% on 3.5m -> Aug 12th: +9.52% on 4m Vol
Dec 9th: +14.52% on 32m Vol -> Aug 13th: ????
Dec 10th: +9.86% on 26m Vol -> Aug 16th: ????
Day 1: Huge Increase, Huge Volume
Day 2: Moderate Fall, Lower Volume
Day 3: Small Fall, Very Low Volume
Day 4: Moderate Rise, Small Increase in Volume
Will MNM continue to follow this pattern higher?
Whereas last time the announcement was just drilling results, this time we have a potentially company making MOU on the table with drilling results on the way that could also catapult the share price much higher...
Looking forward to seeing where the next couple of days, weeks and months take us, could be an exciting ride.
Keep in mind that at .046 MNM has a market cap of only $6.85m. Although it's only early days I can't see why the share price couldn't settle 2-3x higher in the short term with further potential over the longer term.
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- following very similar pattern to december 09
following very similar pattern to december 09
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