re: Ann: High Grade Drilling Results from Yan...
"Almost half of MGO register was raised @ 9c or less so those selling @12c still make decent money. " Ok but did the major shareholders sell when the sp was .4? No..not a single share
For the take over concern, SENTIENT is well known to hold good take over candidates (marengo maybe one of them?), but they paid 12 millions for the cap raising at .25 and still participate at the last one, do you think they 'll accept a take over at .12?? (66% of shares are in large shareholders hands, -6% jpm if you're affraid of them still 59% in safe hands) http://m.theglobeandmail.com/globe-investor/investment-ideas/private-equity-fund-shines-in-spotting-takeover-deals/article1918226/?service= There could be some manipulation at the moment , but you could see this as a great buying opportunity
MGO Price at posting:
11.5¢ Sentiment: LT Buy Disclosure: Held