For all those looking on...
What we are seeing in MNE is exactly what you see at the start of a genuine, long-term re-rate.
It is not unusual to see week-afer-week rises in such scenarios, punctuated with the odd period of sideways or soft trading and days of major rally's as key levels are breached.
For now we are seeing significant accumulation disguised within major churn...with the brakes on as hard as possible...yet all the while the price gradually rises.
The traders come and go...scalping their points...but the underlying net removal of stock from the float is confirmed by the ongoing rise in daily VWAP's.
Given the period over which this has transpired...with reference to the limited net free-float and volumes that have traded on market...MNE could do anything on the right news.
Anything...
Cheers!
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just my thoughts.., page-78
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