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39.0¢ musgrave minerals limited

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ohl85

762 Posts.

119

18/11/20

14:30

Post #: 48961323
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Originally posted by sydneysider: ↑

Totally agree with your comments. The solution is to hold a spread of stocks. Mine is quite small and includes MGV (mostly at 12 cents) and AUC (mostly at 1.5 cents) as 12 month holds. A smaller position is held in volatile stocks that are traded for short term profit and pay overheads. Am currently holding POS at 6.8 cents. My spread is quite small and involves a lot of technical and fundamental work.

Current position on MGV is technically short term oversold because Starlight JORC came in a little smaller than anticipated and there was a PR failure in explaining the downgrading of JORC resources within Break of Day. My sense is that MGV is a TO target in the $1.00-$2.00 range (by mid 2021) as current drilling on 100% owned and JV properties continues around Cue. On a macro level the U.S. is politically very unstable (stolen election) leading to a bullish stance on the gold price.

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Nailed it.

I'm super bullish on gold and feel MGV is a prime takeover target, price range similar to what you've mentioned.

My only worry is do I average down at these prices?

MGV Price at posting: 42.0¢ Sentiment: Buy Disclosure: Held
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