I have been amused by the lack of rationale for the swings in this stock since listing. There is no argument we are all behind the 8 ball on this with no major blue sky being touted although, some good ground.
Then, at a time the company makes a fairly well documented presentation for the AGM and, additionally announces the appointment of a CEO to drive the project, a single sale (probably float stock by the numbers) dumps the market 24% on small volumes. It will possibly make ground just as quickly but, where is the logic guys?
It is just this sort of programme that makes the idea of floating any new stock into this market, a folly.
I would hope the next round of announcements might be results driven to allow the chase to begin but, we are starting off 62.5% down at this stage.
MRY Price at posting:
6.9¢ Sentiment: Hold Disclosure: Held
