Don't forget Saber, price capitulated on MYG/OA prior to the spot Au crash, hence the market was already attributing almost no value to the 5c options. Ok. Could have been the market getting it wrong but i'd struggle to look myself in the mirror and say that. My initial thought was to sell into any financing deal rally and recover maybe a few cents of OA value, however the eventuations on the spot market have thwarted that idea and I think the project could very well be put on ice until POG recovers. That would be interesting with amount of additional "chiefs" that have come onboard in the last 18 months.
MYG Price at posting:
4.9¢ Sentiment: None Disclosure: Held
