MNC 7.76% 53.5¢ merino & co. limited

Hi Mundo, Looks like you took a hit on MNC - bad luck, and...

  1. 2,861 Posts.
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    Hi Mundo,

    Looks like you took a hit on MNC - bad luck, and most/all of us will take one too by selling down here.

    I am still holding and progress is being made (Anglo JV, etc) but as you know, the spec end of market has been smashed and MNC is a perfect example - risk off does that.

    They need cash and are not the only spec struggling to raise some at the moment.

    In relation to wrong calls, happens to everyone, even great callers like yourself calling AVZ a buy since at least 20c and now down to 4c - similar path to MNC as spec end got smashed, even though AVZ is a bit less spec than MNC.

    In relation to the Heart, I don't care if it's there or not mate and didn't ask for it but the way it works is that if you don't post for a while then it goes away and once you restart posting it then comes back.

    Either way, enjoy the rest of the weekend and good luck to you with AVZ and to all of us with MNC and all other specs.

    GB.
 
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