mgx price on monday, page-12

Thanks for your view krapper.

I also agree with you kray in that a temporary pull back from expansion and providing assistance to key customers will provide a necessary consolidation for all at this time and help everyone come out the other side.

It was very up front of the company to be the first in the industry to publicly announce that their customers were seeking deferment in shipments. Best for all to be informed IMO. Just given the recent strength of the company's results, cash holdings, financing in place and ability to suspend new activites in the near term means that the company is well placed to handle, reductions in both price and volumes for a period.

IMO stock oversold beyond taking out just the growth premium. Once the big sellers subside, value will return to this stock and without much technical analysis, must be to at least somewhere between $1.00 and $2.00 until they resume growth.