Well at least we have now been provided with a cogent reason as to why the fall has taken place thanks to a few posters who have highlighted the el cheapo options conversions, which makes total sense, because there is no other plausible reason for the fall. Hopefully these oppies converters are almost out of ammo. Nothing has changed with the company or its fundamentals, there's cash in the bank from the 6.2c CR recently, etc . I think as soon as there is a sense ( or knowledge) the ammo is fully depleted we will rise. The SI's were happy to part with 6.2c a share not that long ago. Daresay they would also have a fair idea of when the ammo is about to run out, and could well step in to scavenge the cheapy shares remaining. I have already backed up the truck today and topped up.
MEI Price at posting:
3.5¢ Sentiment: Hold Disclosure: Held
