Normal MNM games being layed IMO. Its a red day and MNM is down on less than 1 million shares which is less than 0.5% of the register. Are many selling? Answer is no Will there always be sellers on a red day? Normally Will Fortrend be selling? maybe Fortrend average price is over 8 cents so any selling at this level means a loss for them. Do them wanna make losses? probably not
Shares go up,down,sideways and thats normal. Some buy high and low which is normal. Some will be buying today and some will be hoping to buy tomorrow.
-In the last year MNM has managed to JORC BM. Exergen seems to be moving fWD and taking us along for the ride. -Mt Mulligan is looking better and better all the time. -GC drilling has proved that we have more high grade gold/silver which is what we wanted. More drilling to increase JORC early next year.
MNM still running a lean business and all looks sexy to me accept for the SP that is. Not my first rodeo so I will sit tight and wait. This one moves fast and not many will be selling at this level IMO.
MNM Price at posting:
7.2¢ Sentiment: Buy Disclosure: Held