I don't think this will go as low as the low 20s or high teens as there will be very strong support in the mid-20s - at which price this is a better punt than almost all of the mining species/mid-caps. At that price (MC only about 120-180m for 15-23c) a mid-sized predator or hedge fund would look to scoop them up for the huge asset base it has - which could be sold off for much more than 20cps.
If it hits 25c I'll buy a big bag of keepers for the bottom draw (or at least until it hits $1.20), and maybe also a big pile to sell and free carry when it returns to 40-60c once debt reduction has been sorted out.
CNP Price at posting:
0.0¢ Sentiment: None Disclosure: Not Held
