Hi PeopleI sit with 1.5m shares. Held for a long time - av price...

Hi People

I sit with 1.5m shares. Held for a long time - av price of highs 8s.

I have placed in my draw and will open again in 12 to 18 mths for selling some or all.

I have NO DOUBT that they will be worth a dam lot more when the draw opens.

Of course I will keep an eye on SP movement - silly not to if there is an extraordinary acceleration in SP.

In a few years MNE will have an MC of $200 to $250m. That puts the SP at somewhere around 70 to 80c based on approx 380m shares currently on issue after recent CR. Option conversion will dilute SP a bit.

Am I happy? - bet your nuts I am. Do traders worry me - bet your nuts they don't. Am I going to make a $? - bet my nuts I am.

I love the MNE play and I am a patient believer.

Cheers

Buster