IMO a lot of people are missing the point with this stock. The key point is that it is a trading, not investment stock. IMO it is impossible to value MMN on fundamentals. If you want a stock to buy and hoid get some BHP, which also produces silver.
The beauty of MMN is that (so far anyway) it is a textbook trading stock. It is dead easy to make money on if you know basic TA. Just to give one example, look how it took off from the 'spring' on 18 Jun.
With silver now hovering around the key AUD$9 level I would not be surprised to see the 15c resistance taken out soon, but this is NOT a recommendation. Believe what you see on the chart, not what you read on these forums.
good luck
Max
MMN Price at posting:
0.0¢ Sentiment: None Disclosure: Held
