Shares 160m (diluted) Share price ~6c Market Cap ~10m Cash ~1.5m EV = ~8.5m
With gold and now phosphate,you would have to think that the downside risk is minimal given that there is more drilling and anns to come.
I think the selling at the death were Dters panicing esp if they bought in the 6s yesterday and today. Over 50m shares were traded in 2 days >30%. There is def some manipulation and accumulation going on.
Enjoy the weekend all.
MNM Price at posting:
5.6¢ Sentiment: Buy Disclosure: Held