Many thanks Ajax,I work for a broker although not one based in...

Many thanks Ajax,

I work for a broker although not one based in Australia and certainly not one that has any interest in MNE.

The comment on brokers accumulating is interesting to me. In the segments in which I operate if I am accumulating a stock either for my own book or for strategic clients then I will obviously want as cheap an entry as possible.

If the market is a bit weak and therefore allows me to do it then of course I will take advantage of the situation to the benefit of my clients and my trading book. So if I were to put a chunk of stock on offer slightly above the market remove all bids I have any influence over and then sit off market picking up parcels while at the same time opportunistically putting lower offers on the screen every now and then to break the resilience of holders then I am simply doing my job.

This is not institutional stuff simply brokers doing their job, it only works though if the market allows it to work.

So I agree with you Ajax for some reason Mr Market does not seem to understand what is going on in MNEland, which is allowing certain parties to play with our SP for their own benefit. Although at some point however they too will want the SP to go up.

Perhaps it would be a good idea for Zeff to release a short summary setting out what has been achieved so far at El Roble and what the plans are for next year with regard to producing cashflow.

After all Zeff could pretty much just copy and paste your post and stick it on the MNE letterhead.

Finally just in case anyone is wondering where in the world this evil broker is located I am in Kiev and mainly focus on the markets of Eastern Europe.

My holding in MNE is thus a personal one and I want MNE to go up.

EB