obviously it is all based around the general market - though being normal tax year end consolidation and had such a good run you can see SP being weak. The company is so well advanced compared to other companies and has come back that far that it wont be here that long and will be supported by further updates end of July with quarterly report plus results of the RAMU case desion handed down. MGO just need closure on this and as they have significant land and have answers if not faviourable by having additional onsite tailing dam plans for small capex of c. 100M - not significant based on size of project - so a lot of noise is being made about this as not understood. this stock has been recommended as strong buy from multiple analysts at 30+c and a stock to watch in 2011 due to its current avanced stage and DFS being due - i would rather be in this position than drilling for something and spending money trying to justify existance
MGO Price at posting:
25.5¢ Sentiment: LT Buy Disclosure: Held
