Yep, buyers still waiting for that all important access to the 500Mt coal tenement. There is definitely buyer interest building with around 30+ new bids coming today some of which were filled, volume now is around 250,000 shares.
Sure MAK has jumped a lot as many were jumping back on, who dumped. The buyers of this stock need to see this final hurdle of access crossed. Once given I think the current MC of $8 million is way way to cheap. This process should be finished very soon, I believe the announcement will be out very soon. Also phosphate field exploration complete, with results also out soon.
If you are thinking of getting back onto MNM, these levels are an absolute steal. If market sentiment had not changed this would be on its way to $1 IMO, the same MC as NEC who have the same size coal resource but no gold, uranium or phosphate.
I wish I had taken some money out before the fall to load up at these levels...
MNM Price at posting:
8.0¢ Sentiment: LT Buy Disclosure: Held
