leg up, page-2

Someone was also very happy to sell a big parcel, they couldn't see any advantage in holding that parcel.

Long term, the shareprice should be fine, but if you read some of the other MNC threads we are very likely to experience volatility when the overhang comes on market.

This is a big parcel of shares which represent about 40% of the current quantity are at 20 cents and 25 cents. We all know that often the shareprice comes back to the issue price of shares from a credit raising. Sometimes it doesn't, but this is with huge news and not many shares issued.

MNC isn't expecting much short term news and there will be a huge issue of cheap shares. The shareprice could easily go to the low 30's with that sort of selling pressure. If there is any sort of market correction, it could go to the mid 20's as people have stoplosses hit and traders lock in profits.

Then we have the pressure of buyers who see a good longterm story unfolding.

Long term, the price should stabilise and move up, but I would expect that sometime in the future, not in the next few months.