price action, page-7

I wonder what news you are looking for?

If you are listening to brokers and other sources you will hear that the country is in a big mess and things like IO mining has failed.

I have just traveled across the countryside and I'm amazed on how well we are surviving this prolonged GFC/European crisis... It hardly looks as though anything has changed.

The countryside is a buzz with mining and the cities are still growing, with many pubs, shops and cafes full of people.

The mining sector is far from dead, it might have slowed down, perhaps even changed a couple of gears, but it is still very profitable.

MGX has suffered from sentiment, board problems and mine life issues, while still getting on with the job of creating wealth for its shareholders (excluding the capital losses in which it has no say).

It has its own port facilities, very little debt and is backed with almost half cash.

Personally, I think it has said all it could say but no-one is listening, except for the smart investors who are happy accumulating while the shorters are shorting and the pessimists are panicking.

:-)

Its day will come.