People are buying because of the higher USD POG and AUD POG. If USD POG went to $2000 then MUN may be profitable even with the current operations! Even I bought back a few MUN shares after the latest announcement.
MUN should be back above 10 cents on Monday heading to 12.5 cents I suppose.
I have no idea about the road being built this year. It is still mostly just hope as far as I am concerned.
loki
MUN Price at posting:
9.5¢ Sentiment: None Disclosure: Held