AUL 0.00% 28.5¢ austar gold limited

sellers totally exhausted..., page-8

  1. 168 Posts.
    Don't know whether the late buyings have anything to do with POZ.
    POZ is the talk of the day. As more people look into POZ in detail, they may be surprised to find that some MNM's tenements are sitting right next to POZ's, and maybe more surprised to see the size of MNM's tenements and its potential.
    As for the coal, as Kevi pointed out that CDS passed the 200mil mark earlier in the day. MNM's MC is only a fraction of that. Of course I'm not trying to equalise these two and MNM is "riskier" as it is yet to officially obtain the access. But I believe this is only a matter of time. It makes no sense to acquire the remaining 12.5% if IK does not have some certain degree of confidence that a deal can be done in the near future. I certainly regard it as a "confidence vote".
    MNM is a bit "riskier" than some of its coal peers, but the reward will be much higher, if you compare it with many other junior coal players.
    It's no doubt that the strongest holders will be the most rewarded.
    cheers,
 
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