MNM STILL doesn't have access to coal and STILL hasn't got a result to market from their phosphate testing. So it's unlikely MNM will be snapped up by anyone as at this stage there is STILL NOTHING TO BUY!
On top of that, the Chinese are not in a hurry to buy resources that they currently don't need... it's a buyers market out there at the moment and they would be smarter to play different resource companies against each other to get a low resource price without the overhead of owning the company.
And I'd love to say the market has bottomed but as has already been pointed out, the market hasn't shown any sign of levelling.
MNM will most likely go lower still - even if they did get access to an actual resource (the possibility of which seems to get remoter with each "Everything is on track" release from the company).
Options holders that are still holding have pretty much done their money.
how low will dow go, page-4
-
- There are more pages in this discussion • 1 more message in this thread...
You’re viewing a single post only. To view the entire thread just sign in or Join Now (FREE)