MNR Rebound

  1. 729 Posts.
    MNR looks to have hit bottom and is now rebounding. Further drilling results are due soon. What attracts me to MNR is:

    1. market cap of only $43.5 million (similar to THX but with the runs on the board - I do also have a buy order on THX in the low 80s - I sold at 88 the day before it ran - timing is everything!);

    2. after disappointing follow up results MNR appears now to be drilling in the right directon;

    3. MNR has more than $8 million in cash and receivables including funds from recent placement at $2.10 (placees included BHP).

    It all depends on the drilling results but plenty of upside here.


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