new capital raising - announcement, page-20

Hotfire

In the current market it is safer to stick with established producers.

MUN looks to me to be heading down to 10 cents, unless it gets some support from the brokers involved in the capital raising. Perhaps they do not care, but it will mean that the SPP will not get taken up.

I have sold down my holding in MUN over the last few weeks, but still have some left. So far lost about $20k on this one. Just incompetent management, and my stupidity in hanging around.

Have you had a look at PIR? Is it as good as the market seems to think it is? What do your contacts think of it? This one is a winner for me, for now. Thinking that MCO will come good once production starts and they have sorted out plant issues (hopefully soonish).

Overall there seems to be massive speculation in the minerals sector - they cannot all be winners. I still think China's property market will slow/tank in the medium term, which should put downward pressure on our minerals sector.

loki