$11.58 SP at time of writing- not too far from the SPP price of $11.30. I thought there might be saome arbitrage because MCC is constantly on the takeover rumourtrage, and that might keep the SP above the SPP price, but it seems that nature is taking its course, and it will fall to that. I won't be taking up the SPP at all.
Even though MCC has had some significant losses lately, I still like it as a company. I think it will be good for the SP when the SPP is over and done with, but a further 30c fall from here to there looks inevitable now.
MCC Price at posting:
$11.58 Sentiment: None Disclosure: Held
