AUL 0.00% 28.5¢ austar gold limited

whats our money doing? , page-43

  1. 526 Posts.
    FS if you think adding to your already considerable exposure to mnm is a wise investing strategy, I would just save up/ get your loan organised and wait,you will get as many shares as you want with free options well under 3c very soon when the company has its next cr.

    IMO the companies comunications has always been poor but now news flow on projects is almost non existent ( and sure if there is nothing to report and no progress made that's fine, but there is no chance of attracting any new money with that type of lack of performance) but the sentiment towards the stock is probably even worse than the sp.

    This and MBs other mining specy are both seriously on the nose with investors and traders and IMO are just play things for C capital, who coincidently are always one step ahead when it comes to offloading and timing.

    Mnm can run hard again but it's going to take massive positive news that adds real value to the company, otherwise the downtrend will continue.
    Without any news in the next couple of months IMO the trading range will be 1.8c - 2.2 and obviously a whole lot of dilution as capital is required.
    Interested in continuing to watch the stock but don't see any buy signal to consider buying any ATM.
 
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