Ameri,I always enjoy you posts and you have been folowing MNM for a few weeks if I recall but reaching 10 cents tomorrow is insane....
only time we may reach 10 cents is IF we lose the Trial with Calcifer...
Just remember that MNM did a Placement a few days ago for 13.5...
Beauty with MNM is it is not reliant on one resource to be successful...
Today may be a shock for some new MNM holders and a bit scary for some who have invested more into MNM than they usually invest in a single stock BUT this type of movement is not unusual for MNM IMO....
My prediction tomorrow is the buyers and sellers will be looking at early depth to try determine direction.. IMO the buyers at 14.5 will be more than 400 000 and we will have over 150 000 buyers at 15 cents...may be a slow morning but IMO we will close at 15 or 15.5 with pretty small volume of under 2 million shares..(would not surprise me is we closed at 16.5)
Most of us believe MNN will win Trial and expect MNM to be over 25 cents by mid march and thats not including the potential of the Jv being signed....IMO we do have a downside of around 10 cents if we lose mt Mulligan in the short term but we have lost most of our premium the past 2 days...
downside now is half what it was on friday IMO...
when other are fearful I WILL BUY
dyor
MNM Price at posting:
14.4¢ Sentiment: Buy Disclosure: Held