On page 22 of this weekends AFR, there is a small write up on MYG.
The main quotes from the article are:
# "Three banks are jockeying to provide a debt facility of about $75 million. Credit Suisse, which advanced $11 million to complete the Deflector acquisition last year is leading the pack".
# "According to Managing Director John Greeve, a big Canadian fund is also keen to tip in money, while the party lined up to buy copper- gold concentrate from Deflector wants to do the same".
# "Net profit is estimated to be $171 million. Mutiny has already hedged 50,000oz of production at $1,847 an oz, which may be one of the best hedge prices ever secured".
It was a small but very positive piece, bit like deflector will be. Deflector wont be the biggest mine but our high grade and low cash cost will make it very profitable.
Tell me again, whats our market cap...... I still don't get it!
MYG Price at posting:
7.5¢ Sentiment: LT Buy Disclosure: Held
A personalised tool to help users track selected stocks. Delivering real-time notifications on price updates, announcements, and performance stats on each to help make informed investment decisions.
(20min delay)