If you assume that the same people who bought into the placement at .0001 cents and then again .01 cents, their average price paid would be about .0038c.
You might assume that could be a support but they have already sold some of their holding at an average of well above .1. Everything they sell now is well and truly big profit.
But agreed you will still see some more Mongolian updates which will drag out some traders who havent already been burnt. And some have been burnt VERY badly.
Drop to .007 today on big volume and most of those on the buy side are likely props.
Where are all the people who were talking this up at 2c just a couple of weeks back?
MUI Price at posting:
0.5¢ Sentiment: Sell Disclosure: Not Held
