re: Ann: Change in substantial holding - Angl... well Goarmy, I...

re: Ann: Change in substantial holding - Angl... well Goarmy, I am sort of reading between the lines here and imho, MUN couldn't extract anymore out of Anglo and so NY institutions come into play. That probably buys MUN another 12-18months. December this year may be critical, from what I understand, US tax year ends dec 31 so poor performance may mean a sell down then by US institutions. Anglo has alot of share so they are stuck I think or if they sell out god help the share price then.

So they develop another project... high grades, 14mill to develop it and mine it. 18mths to fruition.

I think I will sit on the sidelines for another year. but wait, look at the charts, MUN always rallies in september and october. short-term gain there maybe.

Enghenco is running at a loss so the new project will need to absorb that.

too many risks for me, and my gut feeling is bad generally speaking.

The only hope I see is if Gold price rockets up over $2500oz and then even the dogs like MUN will run as the market rushes to gain exposure to gold.

What ever happened to john langfords estimation way back in 2007 that he thought MUN was going to head to $7 per share within a few years. The reality is MUN has gone from $1 high to 10-12cents now.

I was hugely positive on MUN in 2007. that was in the days when I believed every statement put out by this co as gospel.

Its a lesson for us all... read between the lines, look at actions of management, actual results vs guidance provided to market. And the other thing, never invest longterm. set a buy price, set a sell price and dont get greedy. thats my phlosophy now and I employ that in my current holdings in stocks that I currently hold.

all the best