Lots of excitement here it seems on MGO.
OK - It's one of the biggest (not sure if it's the biggest YET) based in PNG.
Lots of open ended resource, ex PNG prime minister on the board, Soros put money in, back by a major resource hedge fund called Sentinel (? - spelling) which I have been advised has over 1 billion dollars to INVEST into major long term mine development. Sentinel is Canadian backed, backs almost all of the capital raising up to date, has one of there directors on the MGO board. It's been simply unappreciated in AUS so they also have a TSX listing. It was a PDN spin off from many moons ago.
Everything is in the AR (annual report) so have a read.
All in all it has always had the Westie LT stamp of approval.
I have not now, or in the past, or will in the future be given any information regarding MGO, PDN or any other company my family has been involved in that isn't already in the public domain. I wanted to make that clear.
I am as surprised , albeit happy, about the recent price spike.
PS - What silly person dumped "on market"
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