Would add to the list the nearness of a substantial re-rate - or the potential for such.
Basically, we have a big carrot dangling just in front. A strong incentive to hold despite market jitters.
Risk to this company is now much lower as it has an income and a full warchest so it can survive a lot of world trouble. So I no longer need to worry so much now Geelong is running full steam. We can go on doing our thing regardless. If we need to raise funds it will only be to expand our operations and hence profit.
So company developments are the main factor here rather than the DOW and are strong enough to counteract general market mov't when they play out.
This large holder won't be selling into any market down move to worsen the situation, and nor will the others I chat to. So it'll be the small guys pushing it around and that can only take it so far up or down prior to genuine company news.
MHM Price at posting:
98.5¢ Sentiment: Buy Disclosure: Held
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