Yeah, MIN is a good operator and have good management, just their low offer offended many.
During "normal" trading conditions, most of the large holds didn't trade the shares, acquirer and hold.
And 50% of 7 billion is a lot of shares to be traded.
So many have held tight ,that if they keep holding ,that will reduce the number to be able to be bought on market.
Using the old "supply and demand" theory and a good result with the drill bits, prices should more north.
As long as MIN is making money they will keep it moving.
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Simon Kidston, Non--Executive Director
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