I'm quite apprehensive about the announcement. Generally, prior to a trading halt there is a an increase in price and volume if the announcement is of a positive nature. Even if the Directors bought in at 2 and 3 cents a share they are always keen to make even more money and generally top up their holdings. To think there wasn't a leak as in 99% of announcements prior to trading halts and a gradual reduction in share price leading up to the trading halt does not auger well. I bought in at 6 cents but something tells me the announcement will not be all that positive. Hoping otherwise of course.
MNM Price at posting:
16.8¢ Sentiment: None Disclosure: Held