Could it just be traders playing some sort of game?In my view...

Could it just be traders playing some sort of game?

In my view MUN is getting deeper into debt and needs to urgently expand production at its Brazil operations as planned so that they can get a positive cashflow.

Buying shares on the basis of high expectations about the Peru projects is pretty risky given that at the rate they are going MUN will use up its current borrowing facility by around end 2011. What would happen then if they failed to be cashflow positive? A capital raising at 8 cents with another 200 million shares issued?

On the other hand, if approval for the road comes through shortly and if the production and cost estimates are reasonable, MUN could be an excellent investment at current prices. Do current buyers know something we do not know or are they just toying with us?

loki