I have been looking at other small coal explorers on asx and noticed CCC, If you look at their graph over past three months or so you will see a very familiar trend, not jusm mnm down lately. I personally think this carbon tax is having an effect and traders who bought mnm above 20 have been taking their loses and trying to find a stock moving North.Now is time to buy I THINK... HOPE
Mnm has been steadily going down but I am thinking that it is starting to hold and the guys who see the potential and starting to think this is the bottom. Maybe I am hopeful but it has come down heaps and its got plenty big thigs on the way.
I was researching a bit on CBM/court case asset, looks like a great sector to bein, in the the future, low emissions, looks like this asset has huge potential value. If positive court case I think this will/should add at least another 15 million to market cap...Anyone have any thoughts?
just my opinion as usual, I have 70% of my money in MNM, had to buy bottle of gin today as finding it hard to watch it the past few weeks,,,cheers...
MNM Price at posting:
11.9¢ Sentiment: Buy Disclosure: Held
