re: Ann: Ceasing to be a substantial holder f...
It's well documented (here and in announcements) that Monax have sold down their holding since the original Durkin pump and dump to 29c. Their holding of shares being > 35% at one stage, and the selling of those shares, in most people's opinions, has been the biggest influence on MEU's share price. So much so, that is is where it is now.
On the flipside, Monax may have just needed the money. Or they may not have liked what MEU is up to. I'm curious to know if there was a breakdown in the company relationships, what with all the too-and-fro chase the next sparkly mineral.
But I've made a gamble on this now. I think it's been de-risked beyond belief. The only way from here, has to be up, right?
MEU Price at posting:
1.7¢ Sentiment: Buy Disclosure: Held
