MNC 7.76% 53.5¢ merino & co. limited

Ann: Metminco to merge with Andes Resources, page-46

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  1. 5,015 Posts.
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    Hi Bigunks i can totally understand the sour grapes, MNC have a horrendous history and this most likely feels like it's "just little bits of history repeating". I was referring to last weeks transaction between Royal Road and Anglo giving a benchmark figure of approx. $250 per hectare in the area. With MNC's land holdings likely to increase from 10,000 to 90,000 hectares I'd say worth a bit more than "very little" no?
    I think the landscape (quite literally) has very much changed for MNC's long suffering holders, these major shareholders/backers will have some serious influence on future raisings etc, not to mention the restructed team.....KW chairman, Jason Stirbinskis managing director, Nick Winer head geo.....not bad for a micro cap hey. If the merger goes through, i don't think the rinse and repeat shenanigans of the past will continue at all. With such a strong register at Andes, who fully support the merger, and 90% approval required could we see some buying once trading again while at such lowly levels??
 
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Last
53.5¢
Change
-0.045(7.76%)
Mkt cap ! n/a
Open High Low Value Volume
58.5¢ 62.0¢ 52.0¢ $84.57K 155.7K

Buyers (Bids)

No. Vol. Price($)
1 768 52.5¢
 

Sellers (Offers)

Price($) Vol. No.
54.0¢ 2000 2
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