In the absence of any change to the fundamentals of this company, the SP has no impetus to move forward. I am convinced that the price action we are seeing at the moment is due to no more than trading activity. Notwithstanding, I am happy that the steep decline of the SP has been arrested....... For now. When the fundamental problems of power supply, copper demand, dilution and sentiment towards junior resource stocks are overcome, only then we will see a significant re rating of the stock. This stock has enormous potential but right now and for the foreseeable future it is dead in the water.
I hate to be a negative nancy considering the stake I have in this company, but sometimes you have to call a spade a spade.
I hold Mmc.
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