It is always interesting to read the extremes of points of view.
Silver is in a triangle which, at present, gives every indication that a breakout is on the horizon. Nevertheless, it is expected, using Elliot Wave theory, that there is a good chance that its price, in $US, is likely to fall to somewhere in the vicinity of $6.80/6.60 before the MAJOR breakout, which I believe will take place later this year.
The opinion on Management of MMN is one which does not allow for the fact that they have been between a rock and a hard place for quite a while because of the time it has taken for precious metals to consolidate and for the constuction of their processing operation. Their timing may well turn out to be close to perfect IF the planned initial production commences in September AND silver takes off around then.
The communication with the Public(S'holders) has been sparse because of the time it has taken them to construct their plant and infrastructure whilst silver has been consolidating. Whilst this is happening they have to get on with the job, which provides little for them to say, and what there is to say is said in their quarterly reports. That time is nearly up and it will be interesting to see what they say when they produce the next one, by the 30 April.
Patience comes with maturity. Watch and pray.
MMN Price at posting:
0.0¢ Sentiment: None Disclosure: Held
