MINMET PLC FTSE MNT

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alsfar - Thu, 27 Dec 01 :

Abbo - Your question was not directed to me, but my answer would be YES. I agree with your statement. In my view, Minmet is very speculative and (so far) the management remains suspect. It may come good. I hope so, as I still hold 100K shares (down from 200K). However, while some holders may feel already committed, the best time to buy (pricewise), may still lie in the future. I also believe, that your straight question, deserved a straight answer. Which you didn't get.

PS. It is not 'rocket science' to predict that a lower share-price may yet come. The share-price is in a long term down trend, which continues today. Most open-minded people would accept, that until something is done about the large gap between NAV and MarketCap, this trend will likely continue. Finally, when we talk about this new Zinc find, note also 2 negative points (1) It is only at scout drilling stage, (2) The world price for Zinc is in the toilet.


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