Agreed. I don't think this will be ready to break until the Bank of NS want it to break, which I am guessing is not until they have enough shares to force an issue.
Do you think they are accumulating for another goldie, say EVN? Given the location of tenement and relationship between MGV and EVN they would be the most likely goldie to make a play, and one of three or four who could afford it at the moment.
MGV Price at posting:
46.5¢ Sentiment: Buy Disclosure: Held