Hi allVery quiet here of late despite the positive news and SP...

Hi all

Very quiet here of late despite the positive news and SP response.

Maybe people are still on holidays.

Good week for MES. It closed at the high of the day and the high of the week.

Importantly, it closed above the 16c highs it reached in August.

Looking at the weekly chart, it was the highest weekly close since September 2008 and is partly confirming to me that the tide has changed.

IMO one of the key negatives of the stock has been the lack of liquidity, and I believe that with a rising SP (supported by strong fundamentals) comes increased liquidity.

We can see it in the volume this week and those placing offers under 20c. This is good news for all involved IMO as it aides in accurate price discovery and will enable those that previously were hesitant to take a position to potentially re-evaluate that decision.

With a p/e of 3.5x there is still plenty of upside IMO.

Slow and steady is good to see. Much better than a P&D.