just bought at 9.1c, page-3

'Bottom line is that this has reached a year low today.

Down 37% for this year.'

but wouldn't similar observations apply to 90% of the speccy resources stocks on the asx at the moment?

so does this tell us anything other than the market has lost its appetite for risk, and that its tax loss season? probably not.

does the fact that intersuisse have underwritten a $3 million placement at higher than today's close tell us more about MNM' prospects? absolutely.

MNM was 2c in June 2010. on the far more conventional 12 month return test it has therefore been among the best performed shares on the asx in the last financial year, with about a 400% return.

a similar % return from June 2011 to June 2012 looks achievable given the quality and quantity of projects on its books, and the likely developments in the next 12 months.