Personally I think we were handed a get out of jail free card. I really expected a discount to 0.4c and a long wait to recover to 0.6c or greater.
Although MHLO seem to miss out, the average holder of heads must be happy with this outcome.
At a minimum we maintained our wealth from pre-placement, and have an excellent chance of a quick buck. You assume 0.5c buyers (all $90mil of 'em) are expecting atleast 1tick profit.
Then long term even better returns.
I prefer divest from non core assets and dont think diversity helps in this situation.
I hope we have a consolidation soon. These big +/-25% days arent helpful to long term growth. We need to get the swings down to 2-3% range imo.
MHL Price at posting:
0.5¢ Sentiment: Hold Disclosure: Held
