Unless (freoman) has already averaged down, or has no access to spare capital... well avg will be stuck at 2.4 cents.
Hold in there...my average is higher than current levels too. The Hardman connection (Scott Spencer) was worth a punt IMO over 2 years ago. 2010 will be my 3rd year as a holder... but I still hold a positive view on MHL. And full marks to MHL's near term plans and current schedule. Definitely a victim of the GFC but hopefully being transformed into a true post GFC market darling!
Judging what MHL mgt has told the market (MHL being pro-active on many fronts) in all the last 6 months worth of ASX announcements it all looks positive. Lots happening and much more to come. Kyrgstan JV update soon too I expect, as MHL has said they are still pro-active in this area regarding their oil/gas tenements.
I'm betting long term this company will be transformed and totally re-rated.
MHL Price at posting:
0.8¢ Sentiment: LT Buy Disclosure: Held
