Hey PhillW,
You made the observation that :
"What I did notice was that MMN either have some of the dumbest share holders trading on the ASX or any other market or the shares are being capped big time! "
Care to hazard a guess as to the most likely explanation.
My guess is the latter.
If that's correct then I say to the cappers I hope you have deep pockets to continue your activities - you're going to need it.
IMO the POS is going to go a lot higher and maybe sooner rather than later.
With all the negative sentiment toward MMN you would think there was no other stock on the ASX that performed any worse !
At the risk of repeating myself, people should look at, as an example, Lihir Gold LGL when it comes to performance vs share price.
Why has there been a 500% appreciation in its share price over the last 4 years when the company has more problems than you can poke a stick at ?
By rights it shouldn't it have followed a similar fate to MMN in its SP because there many similarities ?
Maybe its got more to do with fear, greed and blue sky potential ?
What ever the motives for capping the price at these levels are , that will become evident in time.
Time will also prove the negative sentiment to be misplaced IMO though at the moment I'd have a hard time convincing most otherwise.
I prefer to remain optimistic but concerned at the moment rather than pick over all the negatives like buzzards on a carcass.
I'll stand by my share holding and where that leads ..........
well come what may.
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Hey PhillW,You made the observation that :"What I did notice was...
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