MGY 4.35% 8.8¢ malagasy minerals limited

what are peoples thoughts

  1. 64 Posts.
    What are peoples thoughts for the next few months?.

    Just wanting peoples input on what they expect from MGY as it has been very quiet lately and it seems MGY are just waiting for Energizer to finish their NI-43-101 (basically their equivalent of JORC) in November and the PEA (Preliminary Economic Analysis) in December.

    Energizer shareholders seem to think that once these are complete that the Energizer shares should get a lot more interest and will therefore increase in value (we all think this about our stocks mind you). Look on http://investorshub.advfn.com/Energizer-Resources-Inc-ENZR-7900/ for their thoughts.

    Also Energizer seem to be banking most of their interest in the MOLO and some of the Green giant projects and their current market cap is 55Million, MGY's market cap is currently 9.85Million. If most of their interest is in MOLO and we have 25% of that, our share price should be sitting around 8.8 cents compared to Energizers as we both have roughly the same amount of shares on Issue.

    Do you think that if Energizers share price increases to say 50cents that we will follow or will we need a project of our own to get the share price above 10 cents again?.

    That will do for now, might add some more questions later.

    Thanks :)

 
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