I think we are at the bottom . As somebody said it is only low volume being sold at .82-0.85 levels
look how much $ was spend exchanging this shares avrge of 2mln every day. Over last 4 days shares dropped by 30% on AUD 8mln spend. Total company capit @.11 is AUD 450mln
Less then 2 % was ysed to decrease the value of this company by 30%!? Unreal.
Well if somebody manipulatin with 1 % and other 1 % got scared and sold off then they were tricked.
Ask question what has changed with company since January/Feb when they issued shared @20? Well, not much.
I am at .1 ; and even if i was at .25 i would be holding because bad/uncertain/scary times can effect people for long time - we get immune to it sooner rather then later.
Put it other way ; you bought a house for $1.40 you paid off $1 so far ; you still owe 40 cents ; WOULD YOU SELL IT FOR 10 cents????? And remember you bought your house in '90s (most of MOF' Australian property was baought back then ; as well US property was already valued down by 50%) I will not!
Happy hunting
MOF Price at posting:
8.2¢ Sentiment: Buy Disclosure: Held