traction, page-6

I am no chartist, but I trust this is what we have been prediciting. That is -

A junior goldie maturing into a producer, with a solid proven resource and heaps of upside potential. Finance is possibly in place with no more dilution.

Plus - a stable jurisdiction. Look at what happened to IAU this week and recently ARX. This important fact gets little acknowledgement. Risk of investing in countries where tenure is not secure. To me this is very important.

Let me bore you a bit with an anecodote. I had a conversation a few years back with an American who's company constructed amusement parks. Like those on the gold coast. His company constructed one in a large asian country (think the largest one). When the time came for final payments (ie multi millions) the new owners refused. He told me that there was little they could do as the courts would not back a foreign company against a local one. They had to walk away. This little story is always in the back of my mind.

I think that we sometimes underestimate or dont appreciate the importance the seperation of power.

OK I am off topic a bit. However, I cant imagine any BIG FUNDERS investing in MYG if it was located in some country without a stable, independant and trusted judiciary/government.

Foreign Company "A" finds a massive resource in a dubious country = goodbye fellas and thanks for the fish.

This fact is an important box that MYG ticks.(Plus all the others)

Good luck to all for next week.