specs don't have fundamentals they have stories, most of the time fairy stories that don't eventuate
BUT a spec with a big POSSIBLE story, a hot sector, tiny cap, tight register, big shareholders with connections in a powerful uptrend IS ONE TO WATCH
There are lots of free lunches
If the directors truly thought the shares were worth 0.6 c then there would have been a shed load of selling on Friday and it would have gone down
If Packer did pay 10 m for 30 % in 2011, that means DD was worth 33 m then. Given the state of the market lets say its worth 50 million now
Whats the reverse takeover/ backdoor shell worth ? who knows, I wont be sticking around to find out. The journey is usually better than the destination
So far the journey is sitting in a Ferrari
MNZ Price at posting:
$7.00 Sentiment: None Disclosure: Held